Watch the candles for positive trend past 12.90 . Set a low SL at 12.75 since trend must be good.
Overall trend has been negative, so perhaps set TP at adjust and watch for further gains to 13.5 .
Good start to a week?
Overall trend has been negative, so perhaps set TP at adjust and watch for further gains to 13.5 .
Good start to a week?
Comment:
Damn nice entry if I do say so myself. Strong uptrend, let's watch closely to determine TP level.
Comment:
1.68% in one day, not a bad trade if you took some leverage.
Set a SL at 12.90 and TP at 13.10 if you prefer, and wait for it to grow a bit more. Local politics will drive the rand up to 13.1 or 13.2 by the weekend.
Something to watch out for tomorrow, Gold and USDZAR are inversely correlated. After a sideways day for Gold today, it could start dropping tomorrow. I'd definitely hold on until end of the week in that case, otherwise just monitor closely for a USDZAR trend reversal. ;)
Set a SL at 12.90 and TP at 13.10 if you prefer, and wait for it to grow a bit more. Local politics will drive the rand up to 13.1 or 13.2 by the weekend.
Something to watch out for tomorrow, Gold and USDZAR are inversely correlated. After a sideways day for Gold today, it could start dropping tomorrow. I'd definitely hold on until end of the week in that case, otherwise just monitor closely for a USDZAR trend reversal. ;)
Comment:
Once again, it has been an amazing exit. Took profit at 13.1 and closed trade. A nice and easy 2.7% trade, leveraged at 5X. Stay tuned for more accurate ideas!
Trade closed: target reached:
Gains could continue up to 13.50, but for me my trade is closed.