USDZAR-BUY strategy 8-hourly chart Heikin Ashi

17 thg 8, 2024

The pair continues southward, and this was aided by increase of GOLD price. There is no confirmation as yet for the correction to set-in, but nevertheless, we are oversold quite extreme, and as always it is difficult to select the BUY entry levels. I felt much earlier to try, but keeping SL in place all the time.

For now strategy no change and BUY @ 17.8200-17.8800 or add to positions, if not stopped out. SL as always based on your own risk parameters. I see profit levels around 18.2150.