Analysing the 1H USD/ZAR chart, we see a potential long position.
We have plotted Support and Resistance levels, where we see the price is trading close to the 1H Support level. We see the price channeling upward to the R14.5865 level at minimum. We have taken a 5 lot position
USDZAR
Entry: R14.3153
TP; R14.5865
SL: R14.2240
We have plotted Support and Resistance levels, where we see the price is trading close to the 1H Support level. We see the price channeling upward to the R14.5865 level at minimum. We have taken a 5 lot position
USDZAREntry: R14.3153
TP; R14.5865
SL: R14.2240
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.
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.