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USDZAR Trade Idea Bullish Wedge

USDZAR Trade Idea Bullish Wedge

Published: 07-18-2018

Pair / Instrument: USDZAR

Time Frame: H4

The trend in the Timeframe:  BEARIS

The trend in the Daily Chart: BULLISH

Description: USDZAR is forming a Bullish Wedge pattern on the H4 chart. ZAR data will be released soon. Negative data may trigger the bullish move

Trade Based On: Bullish Wedge

Accuracy: %89

Trade: LONG

Entry: 13.350

Stop Loss: 13 

Take Profit 1: 13.555

Take Profit 2:  13.700

Notes: Wait for the breakout and the data.

Link to follow the chart and idea: https://www.tradingview.com/chart/USDZAR/V3TUv0zL-USDZAR-Bullish-Wedge-And-Long-Oportunity/

 

Rules To Keep In Your Mind:  Trade Safe. Money  Management is the key to success in forex trading. Do not risk more than 1% of your account in each trade.

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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

 

USDZAR Trade Idea:  Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

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