USDZAR Short Idea

This is a short term trade idea for educational and demonstration purposes. Price is not obligated to reach these areas. Always use proper risk management. Trade at your own risk.

We have two possible take profit zones.

TP Zone 1 : Approximately 225 pips
TP Zone 2 : Approximately additional 200 pips

TP Zones may or may not be reached. This is simply an idea. Please continue to study price action.

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Comment:

Market opened with a gap. Continue to watch price action. We could see a possible re-test and continuation. Unless price breaches the last high I'm still more inclined to believe we will see this idea to to pass.

Comment:

We are at a key level but does not mean that price wont hit TP1 or TP2. You can take your profits at will but always protect them.

Comment:

Take Profit 1 Hit! You can either close your profits or secure them.

Trade closed manually:

With TP1 Hit I’m happy with my profits and am closing. Basis is what I’m seeing with price action I would rather study for the next move and focus on other pairs. Please consider mentorship with me on my educational platform to learn this skill and get more ideas. Inbox me for information.

Trade closed: target reached