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Usdzarlong

USDZAR Letting Winner RunI put a trade on last week for one mini lot in USD denomination. Price action is doing well on the 4 hour chart. Testing my patience, but that's where the money is made. The original position was entered when price made a higher high and tested the previous high with a higher low after the reversal price action confirmation (I missed the first entry of the first higher high and higher low). Price broke above and closed above the previous short-term high (green line). Moving towards the downward sloping trend line, I think the more important level that we will see hesitation at is the 13.5 area where we found a double top in the past. If you're looking to continue this trend with me, look for price to come back to the green line (13.27). It will probably take a day to make a touch and continue its run upwards. Trail your stop like I am. This is how we let our winner run.
Long
by akadibaba
1
USDZAR - trend continuation signals bullish biasFollowing the firing of finance minister Gordhan, this pair took a leg up and broke out of the bearish channel. We see a strong impulsive move followed by consolidation. I have been waiting for a good entry and it looks like we'll get it in the next week. I am anticipating large gains from this trade. Wait for the indicators to move in your favor and enter in the reversal zone. Disclaimer: Not financial advice, trade your own plan. Green trades!
Long
by Wynloots14
3
USDZAR longUSDZAR is about to makenews highs this and next week! You can see perfect bounce from demand zone based on H1 timeframe, Fibo 50% Price Reverzal Zone (PRZ) and supportive trendline. If USDZAR will break Structure + Resistance + Trendline, we can see big move up in next weeks. Keeps eye on that. For the record: USDZAR and USDMXN are only exotic pairs I trade (they make sense and are low-spreaded) Don't forget to trade with proper RM/MM and caution. Good luck guys.
Long
by PeryCapital