peterbokma

USDZAR-BUY strategy 4-hourly chart

Long
FX:USDZAR   U.S. Dollar / South African Rand
The pair has been under attack again, and we did have some recovery but limited above 18.7500-18.7800 area. Now we are moving sharply lower with negative stochastic once again. This paves the way towards 18.5000 support, where I feel we may attempt to BUY again. My fear is SELL side not safe, due to the fact that any major change in crypto and GOLD will lead to recovery 18.9500.

Strategy BUY @ 18.5000-18.5350 and place SL below 18.4750 and profit perhaps @ 18.7350.

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