Saturday, January 5, 2013

A+ Setup On USD/ZAR

USD/ZAR Daily
This is in my opinion an A+ setup. Long tailed bearish pin at a significant support turned resistance level with sufficient space to move. These are what I'm trying to look for nowadays, setups which just jump at my face, which I don't need to squint and justify myself taking. There is one problem with this pair though, it is an exotic pair with a 80+ pips spread, hence rendering it untradable. =P

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