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peterbokma

USDZAR-BUY strategy 4-hourly

Long
U.S. Dollar / South African Rand (FX:USDZAR)  
peterbokma  
FX:USDZAR   U.S. Dollar / South African Rand
Chart Patterns Technical Indicators Trend Analysis
2
0
chartpattern indicator trendanalysis
The pair remains up in the air, and we are near the triangle breakout above 19.0600. Stochastic is still positive and high, but the way it seems to hoover, suggests we may see a sudden spike upwards.

Later we can SELL again, but for now, I am not confident on decline right now, and GOLD is staying on the low side.

Strategy BUY @ 19.0300-19.0500 and place SL below 18.9450 and take profit @ 19.1950.
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