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USDZAR

USDZAR BUY | SMALL RISK HUGE REWARD | INSTITUTIONAL**Risk-to-Reward** 1:15 Buy USDZAR @ 16.71524 Stop Loss: 16.66264 Take Profit: 17.50500 Use the Risk-to-Reward Visual Trade Levels For Risk Free Trading ***I personally am trading a 100k account so I focus on 10 total Pairs excluding Crypto daily, risking .25% per trade position aiming for anywhere from 1%-3% gain.*** I am an institutional style trader and I go with the order flow of the market noticing price action more than anything and technicals are always last because throughout my 7+ year trading career I learned many styles and lost a lot of money chasing profits instead of understanding the psychology of trading and emotional intelligence it takes to not trade, but to make consistent profits and not risk my own hard earned money. Hope you take the advice and follow my trade ideas for more I cant post everything but my will be posting them on various platforms for before and afters. ***Correlates With USDZAR***
Long
by Mi3-Legacy-Wealth
USDZAR Pull-back or break-out buyThe USDZAR pair has been trading within a Fibonacci Channel since June 07 2021, with one break-out to the 1.382 extension. At the moment it is supported by the 1D MA50 (blue trend-line) and is attempting to break a Lower Highs trend-line. A closing above it should be enough to test the Resistance Zone. Only a break above the 1.0 Fib can justify further buying as a break-out signal to the 1.382 Fib extension again. Until then, it is safer to wait for a pull-back, which is common for these Lower Highs (dashed line) patterns within the Channel. Either above the 0.786 retracement level or near the bottom of the Channel. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
by TradingShot
2