USDZAR// Long Opporunity
Updated
Firstly, if your broker doesn't have a decent spread that you think you can work with, forget about this.
*I see an M formation.
*Multiple Harmonic Patterns have completed from this area, others well within PRZ.
With every trade comes risk, however Exotics provide more risk than usual. But I do think this is a good opportunity to go long, to gain exposure to currencies outside the usual. I recommend using a small lot size with a healthy SL.
Open to other opinions.
*I see an M formation.
*Multiple Harmonic Patterns have completed from this area, others well within PRZ.
With every trade comes risk, however Exotics provide more risk than usual. But I do think this is a good opportunity to go long, to gain exposure to currencies outside the usual. I recommend using a small lot size with a healthy SL.
Open to other opinions.
Trade closed: target reached
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