USDZAR Buy
Updated
Finally the bounce up I've been waiting for several weeks now. Going long with TP near 15.000 after the S&P downgraded South Africa's debt to junk status.
dailyfx.com/forex/market_alert/2017/04/04/South-African-Rand-Clobbered-by-SP-Junk-Downgrade.html?DFXfeeds=forex:market_alert
D:
W:
Confidence: A (with USD index chart beginning to show signs of recovery and weaker ZAR after the downgrade, technicals aligned with fundamentals and sentiment)
dailyfx.com/forex/market_alert/2017/04/04/South-African-Rand-Clobbered-by-SP-Junk-Downgrade.html?DFXfeeds=forex:market_alert
D:
W:
Confidence: A (with USD index chart beginning to show signs of recovery and weaker ZAR after the downgrade, technicals aligned with fundamentals and sentiment)
Comment
dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2017/04/05/US-Dollar-May-Rise-as-Minutes-Show-FOMC-Looking-Past-Trump-Trade.html?DFXfeeds=forex:fundamental:daily_briefing:session_briefing:euro_openClosely monitoring any update about the Trump-Xi meeting and upcoming FOMC minutes later.
Comment
My buy stop on Mt4 has been hit (slightly different setup than this one). Will post update tomorrow.
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