USDZAR SHORT (TARGETS 13.00)
Updated
Fundamentally Bearish ZAR, Bullish USD (see realted idea tradingview.com/chart/USDZAR/yRkDowfD-USDZAR-Which-Way/)
However, we have a rencent lower low and what looks to be a USD bearish 5th wave.
Therefore, its a 13.81 sell for
- TP1 13.40
- TP2 13.25
- TP3 13.00
3x reversal above 14.10 forbreakeven and profits into 14.30
However, we have a rencent lower low and what looks to be a USD bearish 5th wave.
Therefore, its a 13.81 sell for
- TP1 13.40
- TP2 13.25
- TP3 13.00
3x reversal above 14.10 forbreakeven and profits into 14.30
Note
Rand weaker on negative political news.Short 13.81 to 14.30 = -49cents
3x Reversal 14.10 to 14.30 = 3 x +20 cents = +60cents
Net +11 cents
Trade closed: target reached
+11 Cents as above
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