peterbokma

USDZAR-NEUTRAL strategy 4-hourly

FX:USDZAR   U.S. Dollar / South African Rand
The pair did not move higher as I felt it may have, and instead stalled and mover lower to the 18.9300 area. The SL was activated, if short, and now we observe and see coming sessions what direction it will take. The triangle upside was respected and violated on the down side, and stochastic is negative and mid-way now.

Overall strategy play within the 18.6350- 19.1250 band for now.

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