USDZAR - Short Potential
USDZAR is showing signs that it might be heading downwards. Although none of our indicators have crossed just yet, if the price action continues downwards we could be looking at a nice downward move. I have set the take profit to 1:2 Risk to Reward. I think that is pretty aspirational, so if the trade is triggered, I will monitor it and adjust the stop loss accordingly.
Trade directly from TradingView through Velocity Trade. Get started here: suretrading.tradedesk.co/TradingView
For more info about our training and mentorship visit suretrading.co.za
For more info about our training and mentorship visit suretrading.co.za
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.