peterbokma

USDZAR-SELL strategy 4-hourly chart

Short
FX:USDZAR   U.S. Dollar / South African Rand
Gold is moving lower slowly, and I know gold may reach near $ 2,100 in coming sessions. However, the pair is at a crossroad, and near GANN resistance, and as long we hold below 18.7800 and seeing stochastic high, positive, but slightly turning, gives me the feel that we may see lower before higher again.

Strategy SELL @ 18.6850-18.7500 and place SL above 18.8000 and profit near 18.4850.

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