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peterbokma

USDZAR-SELL strategy 4-hourly

Short
U.S. Dollar / South African Rand (FX:USDZAR)  
peterbokma  
FX:USDZAR   U.S. Dollar / South African Rand
Trend Analysis Technical Indicators
1
6
trendanalysis indicator
The pair has been quite aggressive up- and downwards. Each time reaching a higher high, and this created a kind-of "falls bull flag" pattern, is my viewpoint. The RSI is too high on HAIKEN ASHI and supports the view we should see down move again.

Strategy SELL @ 19.05-19.20 range and take profit @ 18.9450 area.

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USDZAR-SELL strategy short-term
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