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Magnatrio
Aug 27, 2021 12:54 AM

USDZAR Swing Long

FX:USDZAR240
U.S. Dollar/South African RandFXCM

Description

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If I get stopped out, that woiuld only mean price wants to test the other golden level. My confluences had all lined up.

*Disclaimer*
This is not financial advice. Forex trading is a risky business. Exercise proper risk management.
#TradeLikeMagnatrio
Trend AnalysisChart PatternsBeyond Technical AnalysisUSDZARusdzarlongusdzaranalysisusdzartradeusdzartechnicalanalysisusdzartradeideausdzarswingtrading
Comments
ryanpope1984
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U r going to be stopped out very soon
Magnatrio
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@ryanpope1984, that was at least accounted for. Hence the tight SL
Magnatrio
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@Magnatrio, we will see how price plays out
ryanpope1984
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@Magnatrio, i too am hoping it goes up soon
Not having spare funds to hold my margin
Magnatrio
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@ryanpope1984, Jerome Powell holds all the power in the world right now. A lot depends on his speech.
GoodCorp
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@Magnatrio, absolutely correct. He punted, markets responded in predictable fashion.
ryanpope1984
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Yes and i blew my account of 35000 usd
zahedakbar
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@ryanpope1984, was that your position or loss?
GoodCorp
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@ryanpope1984, very sorry to hear that. I've been caught out before as well. Always good to employ conservative stops (or trailing stops if you're on the right side) during major news cycles. Hope you can recover soon mate.
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