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EmpowerTrader
Dec 17, 2019 2:49 AM

USDZAR Testing Final Support Level Long

U.S. Dollar/South African RandFXCM

Description

Trade Background:
Like most of the USD pair, price has moved to test final support level after FOMC last week on Wednesday. Now that price is stabilizing, look for a potential bullish reversal.

Trade Idea:
Entry: 14.3000 - 14.5000
Stop loss: 14.2500
Comments
EmpowerTrader
Yes looks very clean. However if the stock market continues to move higher and higher, we might see a bearish breakout rather than a bounce. Since ZAR is a riskier asset than the dollar.
JoziSniper
looks good. check out mu UZ LONG idea. keen to hear what you think
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