TanYuFeng

USDZAR [4hr, Long]: Breakout

Long
TanYuFeng Updated   
FX:USDZAR   U.S. Dollar / South African Rand
Price in an ascending triangle near the resistance at 12.749 level.
Bullish candle close on the previous 4hr candle and price has overcame resistance and the tight consolidation.

Entry: Market order at 12.966
Stop: Right below the 4hr structure at 12.964
Exit: Trail my trade with 1ATR and exit once price closes below weekly low
Trade closed manually:
Wanted to exit half of my position when profit was at 1.3R but accidentally exited all :(

Profit: 1.3R
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.