Trade idea - USDZAR Long

Oct 10

4H

After missing out on 2 perfect trades on USDZAR, i'm trying to get involved in this new opportunity.

Corrective approach towards entry zone.

= Buy limit.

1.5% risk.

Aiming to take full profit at Daily TP.

Oct 10

Note

MONTHLY

Double bottom pattern potentially in play.

Clear support & resistance zone is there.

Oct 10

Note

WEEKLY

Clear support & resistance zone is there.

Selling zone can also be active from Weekly perspective, keep in mind.

Oct 10

Note

DAILY

Missed out on an opportunity to get involved in a Long position twice!

Bullish impulse / new HH: indication.

Bullish M pattern: confirmation.

Clear support & resistance zone is there.

Ascending trend line holding up the price.

Oct 11

Trade closed: stop reached

Active & took the loss. -1.5%.