FX:USDZAR   U.S. Dollar / South African Rand
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5
Good morning Traders,
This is our trading idea for the USDZAR as we anticipated down continuation for Last Friday selloff.

Trading plan as per chart.
Aug 04
Comment: Move stop 10pip below entry
Aug 04
Comment: Close 50% +200 PIPs
Aug 05
Comment: Few pops to close this trade..
Aug 05
Comment: Manually trail Stop to 13.740
Aug 05
Trade closed manually: +280 PIPs, Just decided to close trade manually, few pips before take profit, as we are minutes before news. better to Lock 280 pips ;)

Comments

Hi, do you see a minor pullback to 13.90-14.00 before the next wave down to 13.00-13.50?
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This pair is still on the TFF scanner recommended pairs for short for next week, so a potential continuation is highly probable, I'll be waiting for any correction to form through Monday and maybe Tuesday. Might be a deeper correction to reach 13.90 - 14.00 levels as you mentioned. But might be a shallow correction. Monday's price action will tell more.
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WE just locked +180 pips by manually trailing stop to 13.7400
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morne.frans SerenaAadms
Nice one!!!
Reply
SerenaAadms morne.frans
Thanks for your comment,
+280 PIPs, Just decided to close trade manually, few pips before take profit, as we are minutes before news. better to Lock 280 pips ;)
Reply
morne.frans SerenaAadms
Yip... Excellent nice strategy... Money in the bank!!!!
Reply
Please leave a comment and keep the deaccession open
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