USD/ZAR: Scalp-Daytrade-Opportunity

FX:USDZAR   U.S. Dollar / South African Rand
Hey tradomaniacs,

welcome to another free signal!

Important: Wait for the retest of the NEckline and sell!

Type: Scalptrade-Opportunity

  • Sell-Limit: 14,89904

    Stop-Loss: 14,96857

    Target 1: 14,82334

    Target 2: 14,77120


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Peace and good trades

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Comment: Clean version ->
Comment: Market is very slow - Probably due to a lack of fundamentals.

We are currently hitting the trendline which should show us rejection since here is a very nice price for sellers to come in.

Plan to manage the trade:

If we don`t reject and see a breakout I`d expect a stop-loss-fishing move up to 14,940.
After that we should see another attempt to retest the trendline.

If we bounce of and don`t continue downwards we should consider to close the position with a minimum loss.

But so far it looks pretty good!

Comment: Target 1 reached - Either safe your profits or make sure to be out of risk! :-)
Trade closed: target reached
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