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U.S. Dollar / South African Rand
Long
Updated

Trade idea - USDZAR Long

144
4H

Deceleration box received at entry zone.

Instant market execution Buy.

1.5% risk.

Full profit at 4H TP.
Would be enough to complete prop firm challenge.
Note
MONTHLY

Double bottom pattern potentially in play.

Clear support & resistance zone is there.

snapshot
Note
WEEKLY

Very possible for Inverse Head & Shoulders pattern to play out.

Clear support & resistance zone is there.

snapshot
Trade active
Trade closed: target reached
4H TP hit! Prop firm challenge part 1 completed.
Pipjager
Chart PatternsdollarForexfxtradinglongsetuppatternstructureSupply and DemandsupportandresistancezonestrendTrend AnalysisUSDZAR

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsdollarForexfxtradinglongsetuppatternstructureSupply and DemandsupportandresistancezonestrendTrend AnalysisUSDZAR
Pipjager

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.