peterbokma

USDZAR-SELL strategy 4-hourly chart

Short
FX:USDZAR   U.S. Dollar / South African Rand
As noted previously, the SL had been placed fine, an d re-instated SELL @ 19.3100 area. Now we have declined sharply and stochastic is negative. we are attracting the 18.9000 direction based on GANN angle.

For now, we may have SOLD new (at the time I provided an analysis) at 19.2500-19.2800 area and now we are taking profit around 19.0150.

For new strategy SELL @ 19.1150 - 19.1650 and place SL above 19.3200 and take profit @ 18.9350 for now.

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