Trade idea - USDZAR Long
4H
After missing out on 2 perfect trades on USDZAR, i'm trying to get involved in this new opportunity.
Corrective approach towards entry zone.
= Buy limit.
1.5% risk.
Aiming to take full profit at Daily TP.
After missing out on 2 perfect trades on USDZAR, i'm trying to get involved in this new opportunity.
Corrective approach towards entry zone.
= Buy limit.
1.5% risk.
Aiming to take full profit at Daily TP.
Note
MONTHLY
Double bottom pattern potentially in play.
Clear support & resistance zone is there.
Note
WEEKLY
Clear support & resistance zone is there.
Selling zone can also be active from Weekly perspective, keep in mind.
Note
DAILY
Missed out on an opportunity to get involved in a Long position twice!
Bullish impulse / new HH: indication.
Bullish M pattern: confirmation.
Clear support & resistance zone is there.
Ascending trend line holding up the price.
Trade closed: stop reached
Active & took the loss. -1.5%.
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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.