USDZAR Long trading opportunity(short-term) 12
expect ZAR to weaken against the dollar about 8-15c, I have opened a long position with the size of (40000USD), speculating that the ZAR to weaken in the short term within a day or two or three to 15.57+-.
Stop Loss is around 15.47+-, take profit is 15.57-15.6*, the entry price is 15.495+-
approaching support at 15.50, hoping it won't break...
its been tested before, and held its ground, even if it does break, at least a small retrace upwards before it goes down to break support
Stop Loss is around 15.47+-, take profit is 15.57-15.6*, the entry price is 15.495+-
approaching support at 15.50, hoping it won't break...
its been tested before, and held its ground, even if it does break, at least a small retrace upwards before it goes down to break support
Trade closed: target reached:
Decided to close at 15.555 instead of 15.56.
Profit was 2000+- ZAR.
Why 5.5 cents instead of 6 cents like I usually do, there is a reason...
I still think we can see at least 15.57
Proof:
drive.google.co...OqHrHQtqnF/view?usp=sharin...
Profit was 2000+- ZAR.
Why 5.5 cents instead of 6 cents like I usually do, there is a reason...
I still think we can see at least 15.57
Proof:
drive.google.co...OqHrHQtqnF/view?usp=sharin...
just after my position was closed, it all went to hell in a matter of minutes