CHF/ZAR Update - Update to 11-20-18 (Link Included)
Updated
CHF/ZAR Update
If you followed the trade idea I posted on my TradingView on 11-20-18 (tradingview.com/chart/CHFZAR/yQIwN9KR-CHF-ZAR-Short-Idea/), we see how we have progressed. As charted, we hit TP. Hopefully you took your profits as noted on December 4, 2018. The reversal did occur as expected and we saw a series of impulsive moves and corrections (see current flag). Be sure your profits are protected. Although I anticipate another push to the upside, it does not have to continue. Please note all ideas are simply ideas. Exotic pairs especially are extremely volatile. Trade at your own risk and always, always always exercise proper risk management. Happy New Year to all! 2019 will be a great year!
If you followed the trade idea I posted on my TradingView on 11-20-18 (tradingview.com/chart/CHFZAR/yQIwN9KR-CHF-ZAR-Short-Idea/), we see how we have progressed. As charted, we hit TP. Hopefully you took your profits as noted on December 4, 2018. The reversal did occur as expected and we saw a series of impulsive moves and corrections (see current flag). Be sure your profits are protected. Although I anticipate another push to the upside, it does not have to continue. Please note all ideas are simply ideas. Exotic pairs especially are extremely volatile. Trade at your own risk and always, always always exercise proper risk management. Happy New Year to all! 2019 will be a great year!
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The impulse to the upside happened, albeit it was very short lived. The bears were not having it. Price was smacked down rather quickly at a key level in the market..look left. Bulls could be exhausting and bear take over imminent. see below
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