peterbokma

USDZAR-BUY strategy 4-hourly

Long
FX:USDZAR   U.S. Dollar / South African Rand
My first thoughts few days ago with negative stochastic, that we may see lower levels, and that is why SL was placed near 18.7100. we are now moving higher, and am a careful buyer, but will await right levels. If one likes to stay out, is perhaps the best advise right now, but never the less I state my preferred view.

Strategy BUY @ 18.6500 area and place SL below 18.5800 and take profit @ 18.9150.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.