USDZAR 18.48550 -0.93% SHORT IDEA
Updated
GOOD DAY TRADERS
HERE'S AN IDEA ON THE USDZAR PAIR
> ZAR BROKE THE ASCENDING CHANNEL GAINING STRENGTH AGAINST THE US DOLLAR
> COULD WE SEE THE PAIR BOUNCE AT 38.2 % FIBONACCI LEVEL
ITS HIGHLY POSSIBLE AS THE COUNTRY IS ABOUT TO EASE THE LOCKDOWN REGULATIONS THIS FRIDAY
>IF WE BREAK SUPPORT LEVEL 18.38757 AND TRADING BELOW , WILL BE LOOKING FOR SHORT ENTRIES ON THE PAIR
TARGET 1 - 18.06974
TARGET 2 - 17.77462 38.2 % FIB LEVEL
RISK MANAGEMENT
PERIOD - SWING
>> IF YOU LIKE THIS IDEA KINDLY LEAVE A LIKE AND COMMENT... KINDLY FOLLOW AS WELL FOR MORE SWING AND DAY TRADE IDEAS, APPRECIATE IT...
HERE'S AN IDEA ON THE USDZAR PAIR
> ZAR BROKE THE ASCENDING CHANNEL GAINING STRENGTH AGAINST THE US DOLLAR
> COULD WE SEE THE PAIR BOUNCE AT 38.2 % FIBONACCI LEVEL
ITS HIGHLY POSSIBLE AS THE COUNTRY IS ABOUT TO EASE THE LOCKDOWN REGULATIONS THIS FRIDAY
>IF WE BREAK SUPPORT LEVEL 18.38757 AND TRADING BELOW , WILL BE LOOKING FOR SHORT ENTRIES ON THE PAIR
TARGET 1 - 18.06974
TARGET 2 - 17.77462 38.2 % FIB LEVEL
RISK MANAGEMENT
PERIOD - SWING
>> IF YOU LIKE THIS IDEA KINDLY LEAVE A LIKE AND COMMENT... KINDLY FOLLOW AS WELL FOR MORE SWING AND DAY TRADE IDEAS, APPRECIATE IT...
Trade active
CAME CLOSE TO RETESTING THE ASCENDING CHANNEL CAME IN STRONG BUT THE TRADE IS STILL ACTIVE WILL HOLD AND SEE IF THE BEARS WILL TAKE CONTROL ON THE PAIR...Trade active
IF YOU TOOK IT TP 1 HIT WE ARE IN A POSSIBLE BOUCE BACK / RETRACEMENT LETS SEE IF WE CONTINUE WITH THE BEARS....Trade closed: target reached
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