USDZAR-SELL strategy Daily Chart

Jun 10

The pair has reached close enough the 2-hourly chart objective, and after reaching 18.9200 area, we move lower sharply to low 18.70s. This price action is likely the forming of a larger move lower. The stochastic is near negative, and GANN-wise, we have potential to reach 18.60s in the week to come or sooner, is my personal opinion.

Strategy SELL 18.7800-18.8300 and place SL above 18.9650 and take profit @ 18.6250.