TradingView
N0ST0PL0SS
Feb 12, 2021 6:12 PM

USDZAR// Long Opporunity Long

U.S. Dollar / South African RandFOREX.com

Description

Firstly, if your broker doesn't have a decent spread that you think you can work with, forget about this.

Price is currently at an area of strong S/R.

*I see an M formation.

*Multiple Harmonic Patterns have completed from this area, others well within PRZ.

With every trade comes risk, however Exotics provide more risk than usual. But I do think this is a good opportunity to go long, to gain exposure to currencies outside the usual. I recommend using a small lot size with a healthy SL.

Open to other opinions.

Trade closed: target reached

Comments
TheSignalyst
amazing work Amar!
More