USDZAR// Long Opporunity
Firstly, if your broker doesn't have a decent spread that you think you can work with, forget about this.
I see an M formation.
Multiple Harmonic Patterns have completed from this area, others well within PRZ.
With every trade comes risk, however Exotics provide more risk than usual. But I do think this is a good opportunity to go long, to gain exposure to currencies outside the usual. I recommend using a small lot size with a healthy SL.
Open to other opinions.
I see an M formation.
Multiple Harmonic Patterns have completed from this area, others well within PRZ.
With every trade comes risk, however Exotics provide more risk than usual. But I do think this is a good opportunity to go long, to gain exposure to currencies outside the usual. I recommend using a small lot size with a healthy SL.
Open to other opinions.
Trade closed: target reached
These analyses are my personal view on the market.
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
