TARGET PRICE 13.89064 R MULTIPLE 4.52R (Short)

Dec 13, 2018

USDZAR pulled back to Fibonacci Retracement 38.2% for this Swing Trade. Traded in direction of the Trend.

Dec 13, 2018

Note

In a bear market, price was greater than EMA 10 EMA 20. The trade idea is confluence of Trend, Fibonacci Retracement Level 38%, and EMA 10 EMA 20 Mean Reversion.

Note: This was no price action confirmation signal. This was a "blind entry."

Dec 13, 2018

Note

You will see how price pulled back beyond the EMA 10 EMA 20. So sell at the Swing High in a bear market. Sell at the Lower High in a bear market. Applied the concept of Mean Reversion to this Trade Idea.

Note: Watch out for overextension. Watch out for price being overextended.