Rand Strength!!
Howdy folks..after a good holiday break,im back now. Lost quite a few trades,but that's part of the game,my risk management still keeps me in.
Okay so i notice a huge HnS developing on the rand. It looks better on the weekly but i will use the daily to make for entry. The yellow zone will be by confirmation zone. I want the daily to break that zone then come back to test it. After testing if i get a satisfactory rejection pattern i get in gunz blazing. (operative word here being 'satisfactory'). My target area would be the the 13.88-14.00 zone, so the risk to reward on this trade could be very lucrative.
So lets monitor that movement,it could happen this coming week.
Okay so i notice a huge HnS developing on the rand. It looks better on the weekly but i will use the daily to make for entry. The yellow zone will be by confirmation zone. I want the daily to break that zone then come back to test it. After testing if i get a satisfactory rejection pattern i get in gunz blazing. (operative word here being 'satisfactory'). My target area would be the the 13.88-14.00 zone, so the risk to reward on this trade could be very lucrative.
So lets monitor that movement,it could happen this coming week.
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