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ricomister
Jan 17, 2022 6:23 PM

USDZAR Long trading opportunity(short-term) 13 Long

USD/ZAROANDA

Description

expect ZAR to weaken against the dollar about 6-10c, I have opened a long position with the size of (25000USD), speculating that the ZAR to weaken in the short term within a day to 15.45+-.

Stop Loss is around 15.35+-, take profit is 15.45-15.50, the entry price is 15.39+-

there's an indication of a possible turnaround or at least a retrace, I think tomorrow's mining production updates should be an important factor, but regardless, the take profit (or stop-loss target) should be reached before those economic statistical event updates occur

Trade closed: target reached

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