USDZARGiven triple top, a completed cup and handle, as well as break below R15/$, we see USD strength waning and a break to R14.32
Stop Loss = R15.10
Take Profit = R14.32
Long-term (1-2 years) Take Profit = R13.23
Preferred Broker:
Exness
one.exness.link/a/un1hjf32
Initial Margin = $5 per $1000 (micro lot)
Recommendation:
$150 capital for this trade
5 micro lots short (i.e. 0.05 quantity)
This will ensure correct risk management and capital adequacy for this trade
*this information does not constitute advice, but is for educational purposes only.
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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.
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.