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ahmedmehmood68
Nov 21, 2022 6:36 PM

USDZAR SHORT | ASSIGNMENT | WEEK 7 Short

U.S. Dollar/South African RandFXCM

Description

USDZAR going short because its following the dow theory and also the TP is just at the very strong resistance.
Comments
gazza_herh
Dude 17.3227 is the worst place to enter17.38 has been tested many times and hardly broke out, 17.23 has been a really good support. 17.19 in my opinion during these times would have been a better choice only once it got tested for the 3rd time, resit and break 3 times then trade unless big news like cpi. Thats my opinion. Also if you draw a monthly on the US10Y you will see that it looks like they going to increase it but I doubt they will. Its also hitting the resistance I think the DXY will crash a bit which means you might be correct but still worth pointing out the alternatives
ahmedmehmood68
@garryherholdt, Thanks for your feedback! It was good to get another point of view as well.
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