USDZAR Long trading opportunity(short-term) 2
I am trying my luck again lol, so long risk management is in play, one can't go wrong...
I expect a retrace of about 15c-20c 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 to 13.72.
Stop Loss is around 13.4, take profit is 13.72, entry price is 13.525
I expect a retrace of about 15c-20c 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 to 13.72.
Stop Loss is around 13.4, take profit is 13.72, entry price is 13.525
Comment:
moving up stop loss to 15.45
Trade active:
adjusted take profit to 15.69.
Comment:
moved up stop loss to 15.50
Comment:
stop loss moved up to 15.53
Comment:
Stop loss moved up to 15.55
Comment:
correction of my previous comments, they are very wrong, it's not 15, it's 13 lol, at least I got it right in the actual position.
stop-loss at 13.55,
take profit at 13.69
proof: drive.google.co...EzXQ7slyCU/view?usp=sharin...
stop-loss at 13.55,
take profit at 13.69
proof: drive.google.co...EzXQ7slyCU/view?usp=sharin...
Comment:
adjusted take profit to 13.68
Trade closed manually:
closed position at 13.671, profit was 1%+-(ZAR 3700)
some context: I make most of my profit out of share trading and short-term investing(1-3 years max, usually only get near 1 year) so I'm not that good in the FOREX market, moved my money out of SA in a bad time, still moving my money out, at an average conversion ratio of 15.5 against the dollar, want to try and bring that to below 15.0 before this downtrend ends.