peterbokma

USDZAR-NEUTRAL BUY strategy 4-hourly chart

Long
FX:USDZAR   U.S. Dollar / South African Rand
The pair showed abidance by the "false bull flag" pattern" which has difficulty in determining when the tide turns. However, persistence is pays off. Depending if one would have re-entered sell, as I did myself, near the SL level in fact.

For now I prefer side line to seeking a BUY level, which will be little lower.

Strategy BUY @ 18.7350-18.7550 area and place SL below 18.6850 and profit level @ 18.9150.

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