USDZAR Short Carry trade
Fundamental outlook
- Economic sentiment turned risk-on last two weeks
- Upcoming Christmass and new year could be a bigger cataclyst towards risk-on assets
- High swap rate (83$ per lot)
Technical outlook
- 4H charts shows a strong inverse H&S patern
- Price retraced to resistance - clean order block on 4H and 1H TF
Will try to pyramid this trade as it gives a daily payout.
- Economic sentiment turned risk-on last two weeks
- Upcoming Christmass and new year could be a bigger cataclyst towards risk-on assets
- High swap rate (83$ per lot)
Technical outlook
- 4H charts shows a strong inverse H&S patern
- Price retraced to resistance - clean order block on 4H and 1H TF
Will try to pyramid this trade as it gives a daily payout.
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