peterbokma

USDZAR-SELL strategy 4-hourly

Short
FX:USDZAR   U.S. Dollar / South African Rand
I had updated on the SELL strategy that we violated the GANN resistance 18.7800 area and that it changed to BUY activity to see 19.8875 area as possible. It has moved further out. GANNs are useful for trading and helps to determine the support and resistance when we are on a directional trend.

For now, stochastic is higher up now, and we have moved nicely reaching the next resistance area @ 19.0250.

Strategy SELL @ 18.9500-18.9950 and place SL above 19.0575 and take profit @ 18.7850.

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