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SerenaAadms
Aug 2, 2016 10:20 AM

USDZAR Short Short

U.S. Dollar/South African RandFXCM

Description

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.

Comment

Move stop 10pip below entry

Comment

Close 50% +200 PIPs

Comment

Few pops to close this trade..

Comment

Manually trail Stop to 13.740

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
invinci
Hi, do you see a minor pullback to 13.90-14.00 before the next wave down to 13.00-13.50?
SerenaAadms
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.
SerenaAadms
WE just locked +180 pips by manually trailing stop to 13.7400
morne.frans
Nice one!!!
SerenaAadms
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 ;)
morne.frans
Yip... Excellent nice strategy... Money in the bank!!!!
SerenaAadms
Please leave a comment and keep the deaccession open
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