EUR/ZAR
Long
Updated

EUR/ZAR - Long - Counter Trend

195

SL: 2838 pips from entry based on ATR calc. Just below previous month close. Last week open.

TSI: merging about to cross
RSI EMA: Crossed both 3-4 days ago
VZO: riding the zero line in uptrend with a retrace
ASH: Bull Cross with 3 blue bars
EMA:
200W: found support 2 weeks ago
200D & 20W converging (target?)

Weekly chart:
5 cross 10
TSI cross
AK_TREND: Flat

Challenges:
Weekly chart looks to want to test downside.
Note
Still in the trade here. Watching the 200EMA
Trade active
Crossed 200EMA as well as pass ATR 1.5. Moved up stops.
Trade active
Last night 1st TSL target was hit so took some profit. So far signals are pointing to continuation. 2 options for next week (a little early to say).

Move up SL more or add another continuation position.
Trade active
T2 SL still in same position in profit just below the 24 EMA that has been rejected previous day price action.Being patient with this trade.
Trade closed: target reached
T2 SL hit today. Trade overall, T1 target reached, and T2 was given plenty of room for continuation of direction.

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.