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peterbokma

USDZAR-BUY strategy 4-hourly chart

Long
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 declined into the 18.50s and now establishing slightly above 18.6100 again.
The stochastic is low, and the regression channel gives room slight lower as well.

I would prefer not to rush into BUYING even though I think we will re-test 18.7400.

Strategy BUY @ 18.5350-18.5550 and take profit @ 18.7150 and SL below 18.4800 for now.
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