USDZAR-SELL strategy 4-hourly chart
The pair held the previously stated 18.4350 support area, and the support of the channel lies @ 18.5400.
The stochastic is high, and RSI is overbought, but both are POS still. I feel the conditions may lead to higher levels, and the strategy suggested is as follows
Strategy SELL @ 18.85-18.9000 area and place financial stop. Profit order near channel support @ 18.5400 or at the time with latest support level.
Note: am away for 10 days and will not update often due to travel.
The stochastic is high, and RSI is overbought, but both are POS still. I feel the conditions may lead to higher levels, and the strategy suggested is as follows
Strategy SELL @ 18.85-18.9000 area and place financial stop. Profit order near channel support @ 18.5400 or at the time with latest support level.
Note: am away for 10 days and will not update often due to travel.
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