peterbokma

USDZAR-RANGE TRADE 4-hourly chart

FX:USDZAR   Dollaro / Rand Sudafricano
I have been traveling, but have seen the enormous movements of the pair. The pressure to the downside is extensive, but as I have been promoting for awhile, is the potential of a larger GOLD correction. Keeping that in mind, for now, we see a large range that is between 18.4000 - 18.7850 for now. We tried above 18.8000 and it failed, because GOLD failed moving lower,

Strategy SELL @ 18.6750-18.7150 and take profit @ 18.4350, or BUY at 18.4350 area for a profit level of 18.6850. SL below 18.3750.

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