Trade idea - USDZAR Long
Updated
4H
After missing out on 2 perfect trades on USDZAR, i'm trying to get involved in this new opportunity.
Corrective approach towards entry zone.
= Buy limit.
1.5% risk.
Aiming to take full profit at Daily TP.
After missing out on 2 perfect trades on USDZAR, i'm trying to get involved in this new opportunity.
Corrective approach towards entry zone.
= Buy limit.
1.5% risk.
Aiming to take full profit at Daily TP.
Comment
MONTHLY
Double bottom pattern potentially in play.
Clear support & resistance zone is there.
Comment
WEEKLY
Clear support & resistance zone is there.
Selling zone can also be active from Weekly perspective, keep in mind.
Comment
DAILY
Missed out on an opportunity to get involved in a Long position twice!
Bullish impulse / new HH: indication.
Bullish M pattern: confirmation.
Clear support & resistance zone is there.
Ascending trend line holding up the price.
Trade closed: stop reached
Active & took the loss. -1.5%.
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