MAAwan

ZARJPY is looking Bullish

Long
FX:ZARJPY   South African Rand/Japanese Yen
1.Bullish Divergence at 4h
2. Bullish divergence also at 1H
2. Price bounced back from Support 1(S1)

Method 1

We can enter at support level 1 for long.
We can put a stop loss below the support 2

We can short it from Resistance 1.
In this case, we can add stop loss above the
resistance level 2



Method 2

We can enter at support level 2 for short.
if it went for strong bearish.
We can put a stop loss above the support 1

We can Long it from Resistance 2.
if it went for strong bullish.
In this case, we can add stop loss below the
resistance level 1

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.