moorekapital

USDZAR: SHORT BELOW THIS =>>>

FX:USDZAR   U.S. Dollar / South African Rand
50 10 6
I short below the 4H line earlier. Took profit, and re-entered.

1.Deep Blue Line = Prior BOL             . A trade below this would be fantastic = New Swing Low Probably.
2. Lower Channel Line expected to bounce price, but would be sweet if it fails.
3. Immediate target is daily short level indicated on chart.

I have a sell stop on the daily chart , below this line.
Lets's see what happens........
;)
Nice clean charts
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The Leg Up....????
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Look to how many times this level is being tested. Is it going to give in or hold firm n bounce price...???
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moorekapital moorekapital
Seems a lower swing low forming. We broke out of that critical Blue line ;)
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IvanLabrie moorekapital
I hope you're still in from the top.
+1 Reply
moorekapital IvanLabrie
I got out on the blue line. Why? it was a potential support = Anything was possible
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moorekapital moorekapital
I would re-asses and go in again. This market currently offers loads of sweet opportunities, and i don wanna miss any single move thereof.
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IvanLabrie moorekapital
I like 75% tp in these situations.
Was the short invalid?
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moorekapital IvanLabrie
No. Was just scared of possible bounce, like it happened in the leg down prior. And technically, i was seeing a Trading Range(TR) situation = 1 more leg up possibly.
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