Potential Opportunity on USD/ZAR

Just a quick scalp

Usual rules apply, just a risk to reward of 1:1
You welcome to hold longer, I just prefer to be in and out.

Money management applied on all trades

Very interesting pair that I have been monitoring for some time. It does have a 80% win rate for this year.
(I have yet to back-test for the previous 5 years.)
Currently That is higher than my method on Gold, NZD/USD and AUD/USD
Which has a respectful win ratio of 65%

So let's see how this trade goes, quite excited to see the results of the next few trades.


BUILDING SUCCESSFUL TRADERS
MGR FOREX TRADING

Comment:

Please Note that this trade is not yet active. I will only be looking for entries at the top of the hour.
Which is in the next 7mins
But I am biased for longs:)

Trade active

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Close Buys,
Entering a Sell

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Patience pays
I will secure partials and place SL above Previous lower

Trade closed manually:

SL hit at BE

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Trade management was key with this trade
Not too bad. Of course the partials was around 40% of the position so we still walk away with a bit of profit.

Comment:

To the moon he goes

WOW! what a rollercoaster of a trade that was.
Normally after a fake-out Price reverses, hence the reason for the sell. But this time he just decided to continue higher.

We learn everyday. And hopefully we will be able to add this pair to our collection of currencies that we trade.