I used the retracement to the 23.6 Fibo at 18.05 to reload a small long USDZAR position. I am looking for this to retest the highs above 19. Positioning is much cleaner now. Stop loss at 17.75. Godspeed!
Trade closed: target reached
Closing out my long from 18.05 here at 18.90 this morning. I don't like the px action. We are struggling to push decisively through 19. Been a good run and nothing wrong with banking some profits.
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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.