Get started
peterbokma

USDZAR-SELL strategy 4-hourlly chart

Short
U.S. Dollar / South African Rand (FX:USDZAR)  
peterbokma  
FX:USDZAR   U.S. Dollar / South African Rand
Trend Analysis Chart Patterns Technical Indicators
5
0
trendanalysis chartpattern indicator
The pair has moved higher, and GOLD moved lower, in tandem. Now we have reached nice sell levels again, with high stochastic as well. We also have a false bull flag pattern, suggesting we should see lower again.

Strategy SEL @ 18.9450-19.0100 and place SL above 19.0650 and take profit @ 18.7550.
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.