- Written by Sywa Sywa
- Last Updated: 13 August 2019 13 August 2019
- Created: 13 August 2019 13 August 2019
I have been watching this pair since last week, price has been up for sometimes and currently at the monthly resistance. Chart above is on TF H4. Awesome Oscillator, Parabolic SAR shows signs of Retracement. I put a sell order with target profit at the middle of Bollinger Bands.
However I make a mistake by entering to early at the Asian market Time, USD/ZAR tends to have bigger spread at Asian Market and therefore it is not recommended to trade this pair at Asian market.