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ricomister

USDZAR Short trading opportunity(short-term) 16

Short
U.S. Dollar / South African Rand (OANDA:USDZAR)  
ricomister Updated   
OANDA:USDZAR   U.S. Dollar / South African Rand
Trend Analysis Technical Indicators Fundamental Analysis
2
2
trendanalysis indicator fundamental
expect ZAR to strengthen against the dollar about 20 cents +-, I have opened a short position with the size of (50000USD), speculating that the ZAR to strengthen in the short term within a day or within a few days to 19.785+-.

Stop Loss is around 19.05+-, take profit is 19.785+- , the entry price is 19.00+-
Trade active:
moved stop loss to 19.075

will hold position over weekend
Trade active:
Position still open, barely missed stop loss.

Moved stop loss to 19.99, will not move higher than this otherwise risk reward ratio not right.
Trade closed: stop reached
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