ricomister

USDZAR Long trading opportunity(short-term)

Long
ricomister Updated   
OANDA:USDZAR   U.S. Dollar / South African Rand
I expect a retrace of about 20c-30c at the very least, I have personally opened a long position with the size of R350000 (25000USD), expecting the ZAR to weaken in the short term in next week or max two to 14.02 - 14. 05 , then from there it might strengthen further against the dollar because the main downtrend might continue.

Stop Loss is around 13.7, take profit is 14.02
Trade closed: stop reached:
Sorry, trailing stop loss was hit around 07:26 UTC+2 this morning,

Made a loss of around ZAR 125. It might still hit 14.00 but I can't say for sure now.

proof: drive.google.co...Eu0W6AVs2a/view?usp=sharin...
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