Short

USDZAR short

Updated

1. Lower highs formed
2. Resistance holding
3. Consolidation at resistance (bulls out of steam?)
4. 200ema broken
5. Targets from 14.11 to the 13.90's

SL 14.63030
TP1 13.90285
TP2 13.60857
TP3 13.37187

Entered at market price 14.33650

Note

Tp1 level reached, banking volume and adjusting my stop to 14.15329 to lock in some profit and remove risk from this trade. I am expecting much more movement on this pair to the down side SHOULD the 13.83213 level be broken.

Let's see what shakes

Trade closed manually

Closed manually at 14.00690

The previous candle has pinned the 13.95 level showing rejection to the idea of newer lows. 3213 pips banked

Cmasterza

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