JLJ002500

USDZAR - Long - Trend continuation

Lång
JLJ002500 Uppdaterad   
FX:USDZAR   Amerikanska dollar / Sydafrikanska rand
See charts below. Long @ 13.662

Because this is a more aggressive entry point, I set my position size and SL to minimize the loss should it not go in my direction. I am also able to add to the position once trend has been confirmed on lower time frame (1h).

1M:
1W: Down trend broken following consolidation breakout where newly HH/HL formed. Current pullback close to support zone.\

1D: pullback to 76% Fib. Pullback could continue, however if it did it would question stability of up trend. I maybe early, but I am expecting trend continuation.

4H:
1H: This is a more aggressive entry point. More conservative approach would be to wait until up trend has been established/confirmed on lower time frame.











Handel aktiv:

Trade developing nicely. Support held.
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