USD/ZAR Long Idea - Double Bottom
Updated
Double bottom formation at key level in the market. Note the strong wick rejection (doji) around the key demand zone, as circled. Price will pull back some and it will take some time for this idea to come to fruition IF it does. I put my stop loss beneath the double bottom for a low risk to reward trade set up. Please see linked idea below to follow from start. I closed out of that trade to enter this one. Trade at your own risk. Follow me on Instagram (see below) for more updates and shares.
Trade closed: target reached
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