USDZAR-BUY strategy 4-Hourly chart

Considering that NOKZAR is too low, and the pair is within a triangle pattern with positive stochastic, chances are that the pair will be pulled upwards by USDNOK. The current USDNOK @ 11.15 translate to a USDZAR 19.3000 for correction upwards following NOK.

Strategy BUY @ 19.0000-19.0500 and take profit above 19.3000. SL below 18.8650 for now.

Kommentera:

SL could be adjusted to 19.1350 (and remain in profit). Profit objective unchanged.