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ricomister

USDZAR Long trading opportunity(short-term) 4

Long
U.S. Dollar / South African Rand (OANDA:USDZAR)  
ricomister Updated   
OANDA:USDZAR   U.S. Dollar / South African Rand
Trend Analysis Technical Indicators Beyond Technical Analysis
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trendanalysis indicator beyondta
I expect a retrace of about 10-20c at the very least, I have personally opened a long position with the size of R350000 (25000USD), expecting the ZAR to weaken in the short term within a week to 14.25+-.

Stop Loss is around 14.08, take profit is 14.20-14.25, entry price is 14.10
Comment:
did not close position when USDZAR went below 14.08. Adjusted stop loss to 14.05
Comment:
adjusted take profit down to 14.195 from 14.20. Let's not have round number targets, round numbers usually indicate turning points...
Comment:
adjusted take profit down to 14.1925 from 14.195
Comment:
adjusted take profit down to 14.19 from 14.1925
Trade closed: target reached:
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