USDZAR 16.6991 - 0.34 % SHORT IDEA

Good Day Everyone

Here's an idea on the USDZAR PAIR, that has been bound in an descending channel respecting the structure thus far the pair has been in an overall down trend as the ZAR regained strength against the dollar due to the negative fundamentals from the U.S and so forth, looking for continuation of this move to the down side since ZAR wont be going back to harder levels of lock-down. lets see how it goes

Good luck and happy trading everyone


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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - DAY TRADE

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If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT

Comment:

if you took this one, trail stop or adjust the sl to previous swing high

Trade active:

Pushed up for a retest of the resistance level looking for the bears to take control and trigger the trade

Trade closed: stop reached