USDZAR - US Stock market bounces hard, you know what that means
I guess we should hedge against the big boy short on the SPX. One way of doing that would be to long USDZAR. That way, if we get squeezed out of our short on SPX from 2740, we'll at least make a bit from the ZAR falling to pieces.
Put this on for a week, RR isn't bad
Put this on for a week, RR isn't bad
Note
Hedge on, working so farNote
Strength in the US market should take us the rest of the way. Although I still think we'll see a crash in the SPX this year, it's worth playing the bounces with hedge trades such as this.Note
a few days of patience and holy fuckNote
should be able to close this out todayTrade closed: stop reached
Trade closed: target reached
Note
Target reached, not stop lolNote
almost no drawdown on this, sick entry. Love trading this pair
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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.