USDZAR Long trading opportunity(short-term) 13
expect ZAR to weaken against the dollar about 6-10c, I have opened a long position with the size of (25000USD), speculating that the ZAR to weaken in the short term within a day to 15.45+-.
Stop Loss is around 15.35+-, take profit is 15.45-15.50, the entry price is 15.39+-
there's an indication of a possible turnaround or at least a retrace, I think tomorrow's mining production updates should be an important factor, but regardless, the take profit (or stop-loss target) should be reached before those economic statistical event updates occur
Stop Loss is around 15.35+-, take profit is 15.45-15.50, the entry price is 15.39+-
there's an indication of a possible turnaround or at least a retrace, I think tomorrow's mining production updates should be an important factor, but regardless, the take profit (or stop-loss target) should be reached before those economic statistical event updates occur
Trade closed: target reached: