USDZAR - Short after R/S zone retest
Price moved below my support (now resistance) zone. I opened a short trade after a retest & hold.
Short @ 12.1742; current SL @ 12.3430
My current position is modest. I wanted to be more conservative since we are going into the weekend.
1M:
1W:
Last two completed bars failed at pushing higher. It is oversold. Bears could get rejected as well, however the current candle is almost complete.
4H:
pinbar formed support. Retested R/S zone, which gave me an opportunity to enter short trade. I would like to see price move below 12.065.
Short @ 12.1742; current SL @ 12.3430
My current position is modest. I wanted to be more conservative since we are going into the weekend.
1M:
1W:
4H:
Operación activa:
I added to position (larger lot size than initial) @ 12.19432
I took profits on the original position and about 1/2 of the new short entry.
Currently, I'm still short @ 12.19432. I also have sell limit orders in place to add to my position if price pulls back.
I took profits on the original position and about 1/2 of the new short entry.
Currently, I'm still short @ 12.19432. I also have sell limit orders in place to add to my position if price pulls back.
Operación activa:
Price never pulled back to execute any of my Sell Limited Orders. Initial position still open with substantial gains. No firm TP set at this time.
Operación activa:
Key level's I'll be looking at.
Operación cerrada: objetivo alcanzado:
Took profits at 11.86525
Very nice trade. Possibly will reenter if pull back occurs.
Very nice trade. Possibly will reenter if pull back occurs.
