ricomister

USDZAR Long trading opportunity(swing-trading) 1

Largo
ricomister Actualizado   
FX:USDZAR   Dólar estadounidense/Rand sudafricano
I expect a swing of about 60-80c all the way up to R15 per dollar, I have personally opened a long position with the size of R425000 (30000USD), expecting the ZAR to weaken in the short term within a week to a few weeks (less than a month) to 14.95+-.

Stop Loss is around 13.95, take profit is 14.95, the entry price is 14.16

USA inflation data indicating that it is likely a peak has been reached, it is likely to go lower from here on...

Next week FED will discuss the US interest rates...

Coronavirus full-vaccinations in the US are almost at 70%...

US stock market (S&P 500) is struggling to go higher...

I have a feeling...
Comentarios:
adjusted stop loss to 14.17
Comentarios:
closed position at 14.33, bought in again with same amount (30k USD) at 14.28 again.

Trade still active
Comentarios:
adjusted stop loss to 14.20
Comentarios:
adjusted take profit to 14.92
Comentarios:
closed position at 14.43875,

bought in again with same amount (30k USD) at 14.405
Comentarios:
adjusted take profit to 14.80
Comentarios:
adjusted stop loss to 14.25
Comentarios:
closed position at 14.535

going to try and get in again between 14.40-14.50
Operación cerrada manualmente:
only got a 40-45c profit, not the full haul I wanted to, not used to these long positions in the FOREX market...

but I still think we are going to see R15 for US dollar.

proof:
drive.google.co...Ngh3hrmVrL/view?usp=sharin...
Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.