USDZAR-SELL strategy 3-hourly

20 янв.

The pair has move a little higher, and beyond the SL 18.9950, and then retraced back. Overall am a preferred SELLER of the pair, observing a possible S/H/S pattern, that may not be completed as yet. the stochastic suggest positive movement upwards, and I feel in this context, we either BUY carefully with stop below 18.9100, or await the SELL that should be near 19.10-19.15 area with SL above the previous high. I prefer SELL into rally and not the BUY version mentioned.

Strategy SELL @ 19.1200-19.1550 and place SL above 19.19765 for now. The profit order is @ 18.7350 for now.