USDZAR-RANGE TRADE Strategy 4-hourly chartThe pair likely will maintain a wide range between 18.1250 - 18.4850 area for coming week, I feel. the stochastic is low and looks like we may turn a bit, which means short-term we may see a move back towards 18.3950. the over all picture is we may see move lower as long we remain below 18.4950 area.
1. Strategy BUY @ 18.2150-18.2500 and take profit @ 18.3875
2. Strategy SELL @ 18.3750-18.3950 and take profit @ 18.1950.
SL make it 1%-1.25% of your capital employed.