peterbokma

USDZAR-BUY strategy Daily chart

Long
peterbokma Updated   
FX:USDZAR   U.S. Dollar / South African Rand
The pair is looking a BUY on daily chart, and range for BUY needs careful consideration, using 4-hourly as well. GOLD supports the likely chance for a stronger up move over time.

Stochastic is positive, and judging historical context, we have a chance to test 19.0150 and maybe we reach 19.2500 again.

Strategy BUY between 18.6150-18.7300 I feel. SL below 18.5150 and profit order @ 19.1750 for now.
Comment:
Profit taking done.

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