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aiza_belle

USDZAR Buy

Long
U.S. Dollar / South African Rand (FX:USDZAR)  
aiza_belle Updated   
FX:USDZAR   U.S. Dollar / South African Rand
USDZAR USD ZAR buy LONG
4
0
usdzar usd zar buy long
Finally the bounce up I've been waiting for several weeks now. Going long with TP near 15.000 after the S&P downgraded South Africa's debt to junk status.

www.dailyfx.com...-Downgrade.html?DFXfeeds=f...

D:
snapshot

W:
snapshot


Confidence: A (with USD index chart beginning to show signs of recovery and weaker ZAR after the downgrade, technicals aligned with fundamentals and sentiment)
Comment:
www.dailyfx.com...rump-Trade.html?DFXfeeds=f...

Closely monitoring any update about the Trump-Xi meeting and upcoming FOMC minutes later.
Comment:
My buy stop on Mt4 has been hit (slightly different setup than this one). Will post update tomorrow.
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