Cmasterza

USDZAR Key level pinned

Short
Cmasterza Updated   
FX:USDZAR   U.S. Dollar / South African Rand
USDZAR

I have been waiting to see how price will react to the 14.00 level. Now a candle has pinned the level signalling the bears.

Entered a short at market price @13.93618 with:

*Stop loss above the wick where I feel this setup would become invalidated @ 14.10325
*Take profit placed at the support of the swing low to the left @ 13.65440

Don't bet the farm, always exercise good risk management
Trade closed: target reached

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