peterbokma

USDZAR-BUY strategy 4-hourly

Long
FX:USDZAR   U.S. Dollar / South African Rand
The pair has moved sharp upwards again, and this on the basis of stronger USD and also weaker GOLD price. On my last update I was neutral, as there is no clarity, and same as now, it is not picture clear. However, there may be more upside potential due to the fact we have broken triangle resistance. I am not keen personally to venture this moment anything, and my ideas are more suggestive.

Strategy BUY @ 18.4750-18.5000 and place SL below 18.3500. Profit order near 18.7450.

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