USDZAR Countertrend trade

FX:USDZAR   U.S. Dollar / South African Rand
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Good morning traders,

A countertrend opportunity based on Wolfe Wave completed pattern . I´m entering short @ 15.03 with a target of 14 , SL 15.31

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6 Trading Rules :

1. Never add to a losing position .
2. Don´t be the first to buy low and sell high ., and don´t be the last one to exit
3. Think like a fundamentalist, trade like a technician .
4. Keep your analysis simple
5. Start small and increase exposure when trend is confirming your analysis
6. The hard trade is the right trade

Josep Pocalles
Trade closed: stop reached: Rand on Freefall . Stay on the sidelines till stabilizes
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I hope you are right - Just moved to the US from ZA and trying to get my money out - then Zuma goes and stuffs it all up...
+2 Reply
Platinum seems forming a bottom, if that holds the scenario will be valid
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