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peterbokma

USDZAR-SELL strategy 4-hourly chart

Short
U.S. Dollar / South African Rand (FX:USDZAR)  
peterbokma Updated   
FX:USDZAR   U.S. Dollar / South African Rand
Trend Analysis Chart Patterns Technical Indicators
2
0
trendanalysis chartpattern indicator
GIOLD drifti8ng lower and likely it will move back below $ 2,100. This should mean higher USDZAR overtime. However, for now, we are resisting @ 18.7850 GANN, and stochastic albeit positive, is turning lower from 83.0 handle. I feel we see attempt lower for now. Kepe stops tight though.

Strategy SELL @ 18.7500-18.7750 and place SL above 18.8000 for now. Profit @ 18.5750.
Comment:
we are starting to break outside GANN resistance now. This may suggest we will see higher levels 18.8875 as possible. Strategy go LONG now and place SL below 18.7150. Profit @ 18.8750.
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