USDZAR Trade Idea
Confluence of a few factors:
1. Downward trend line serving as resistance
2. Bearish engulfing candle pattern (sell signal)
3. Pinning 21 SMA
4. All happening at 14.13959 short term resistance
I am selling at market price with
#Sl just above the bearish engulfing @ 14.18403 and
#Tp lower down at previous demand zone around 13.85317
As usual don't bet the farm, good risk management won't kill you but the lack thereof could :)
Follow me in forex Bootcamp using the Telegram link below
1. Downward trend line serving as resistance
2. Bearish engulfing candle pattern (sell signal)
3. Pinning 21 SMA
4. All happening at 14.13959 short term resistance
I am selling at market price with
#Sl just above the bearish engulfing @ 14.18403 and
#Tp lower down at previous demand zone around 13.85317
As usual don't bet the farm, good risk management won't kill you but the lack thereof could :)
Follow me in forex Bootcamp using the Telegram link below
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