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samuel_songwe
Oct 21, 2023 8:52 AM

USDZMW SHORT  Short

U.S. DOLLAR / ZAMBIAN KWACHAICE

Description

Market traded straight back into the monthly supply zone. Even though this trade idea is about a short back to 15 it will generally take a whole lot of fundamentals to play in favor of ZMW. I personally expect market to stabilize in this zone. Market closing above 22.6 on the monthly Time Frame is not what we want to see as it would trickle to market creating new highs ...... FX_IDC:USDZMW
#supply&demandtrading
Comments
TheFxAce
Your bearish breakdown is well-articulated. Definitely something to consider!
samuel_songwe
@TheFxAce, Thank you I highly appreciate the feedback
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