Short

Updated

USD/ZAR Analysis| Where And When Will It Fall?

Hey Traders,

The USDZAR has risen in value for a significant period of time.

Which begs the question, why and where to get short?

Many traders (including high volume/institutions) will be looking for high prices to short as you have seen various other times.

Here's my TA.

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Looking short on rises towards highs (prev short zones)

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Exit any shorts, no longs yet.

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Re shorts still only on pushes back to highs.

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Any shorts, exit at W Support.

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Out of shorts, minor longs applicable.

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Any pushes up exit longs and change to short bias.

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Holding light entries^

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Exit longs, flip light short.

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Holding shorts alike other pairs.

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Avoid longing other us pairs and shorting this one.

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Out of all trades, re shorts much higher.

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Still holding bias, shorts only 19.38

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Hands off approach.

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Let it go. Hands off.

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Only minor longs or further risk averse entries lower.

WillSebastian

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WillSebastian

Free Pro Multi Asset Trading Guide:

bit.ly/learnttm

Free Discord Secret Server:

discord.gg/tXAcxFVCJU

Posts Not financial advice.

Also on: