mrsceleste

USD/ZAR Quick Contra-Trend Buy Opportunity

Long
mrsceleste Updated   
OANDA:USDZAR   U.S. Dollar / South African Rand
Quick 150 pip buy. Price action at key level in the market is the basis for this idea. This would be a contra-trend, for a short buy opportunity. Nice pippage to grab. Stop loss under key support. I expect price to pull back to at least 14.05 ish. Be sure to watch price action along the way. Trade at your own risk. This idea is for educational purposes.

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Trade closed: target reached:
Take profit hit!!! congratulations!
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