USD/ZAR Analysis| Where And When Will It Fall?

9 oct. 2023

Hey Traders,

The USDZAR has risen in value for a significant period of time.

Which begs the question, why and where to get short?

Many traders (including high volume/institutions) will be looking for high prices to short as you have seen various other times.

Here's my TA.

9 oct. 2023

Note

Looking short on rises towards highs (prev short zones)

10 oct. 2023

Note

Exit any shorts, no longs yet.

11 oct. 2023

Note

Re shorts still only on pushes back to highs.

12 oct. 2023

Note

Any shorts, exit at W Support.

13 oct. 2023

Note

Out of shorts, minor longs applicable.

15 oct. 2023

Note

Any pushes up exit longs and change to short bias.

18 oct. 2023

Note

Holding light entries^

19 oct. 2023

Note

Exit longs, flip light short.

20 oct. 2023

Note

Holding shorts alike other pairs.

21 oct. 2023

Note

Avoid longing other us pairs and shorting this one.

24 oct. 2023

Note

Out of all trades, re shorts much higher.

27 oct. 2023

Note

Still holding bias, shorts only 19.38

1 nov. 2023

Note

Hands off approach.

3 nov. 2023

Note

Let it go. Hands off.

17 nov. 2023

Note

Only minor longs or further risk averse entries lower.