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
Comment
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
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.