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UnknownUnicorn4683675
Jan 20, 2021 4:18 AM

USDZAR Short

U.S. Dollar/South African RandFXCM

Description

Looks like the bulls & Bears are at equilibrium for now. Will the support at 14.90 hold or its soon going to be eroded.
My bias is still bearish for now up until we reach 14.75....

Safe sell opportunities will either be below 14.88 or if it retraces will wait for rejection at 15.11
waiting for further confirmations to validate this trade idea


What are your thoughts? ?lets discuss

Trade closed: target reached

Comments
dgoldiner
couldn't USD/ZAR bounce again off longterm resistance and go significantly higher? that would be double bottom ne?
UnknownUnicorn4683675
@dgoldiner, it is possible but its best to consider both technical and fundamental elements before you can come up with a directional bias.
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