U.S. Dollar / South African Rand
Short
Updated

USDZAR-SELL strategy 3 Hourly chart Reg.Channel

80
The pair has first moved higher due to the fundamental pressures, but seems to trade side ways to lower. Indicators tend to suggest lower levels again, and feel that 17.7500 area could be seen short-term.

Strategy SELL @ 17.9000-17.9500 and take profit near 17.7650 for now.

Trade closed: target reached
Profit taken @ 17.7645

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.