ZARJPY $ZARJPY Long ScalpZARJPY $ZARJPY Long Scalp. TPs on chart. 100-500x leverage. Trail after TP2 with 0.5ATR step, 1.5ATR offset measured after close of each candle.
Zarjpybuy
ZAR/JPY - BUY TRADE UPDATEHere is a video update of a previous trade set up I shared a few weeks back.
The South African Rand is bullish in the currency pair as interest rate differentials make buying this currency pair a very attractive trade for yield-seeking investors.
We look at entry price, take profit targets, and one-month volatility stop loss
ZAR/JPY - BUY SET UPIn this video, we take a look at the sharp recovery in the South African Rand against the Japanese Yen.
We firstly look at why the Yen got stronger in this exchange rate at the beginning of 2020 when the Covid-19 pandemic cause stock markets to fall and safe-haven demand into Japanese Government Bonds to strengthen the Yen.
However, since stocks have staged a strong recovery, we have seen the Yen weaken against Rand.
We look at interest rate diffeentials between the two country's and why buying the ZAR/JPY exchange rate is an attractive trade for two reasons.
1.) Positive Interest rate credit of 3.62% over 12 months.
2.) Appreciation in the exchange rate of around 12%, once the exchange rate rises to it's early 2020 high of ¥7.80
ZARJPY price at Support price holding Support and we have really good Daily Closing.
here price at support so we can enter this trade with minimum loss ratio
Bullish Butterfly on ZARJPY For the ZARJPY lovers here is a good Bullish Butterfly on the 4hr....though not many people might want to speculate on it...the spread is a bit high. But for those taking this one look for bullish evidence and use proper money management. Cheers
