USDZAR - Long - Trend continuation
See charts below. Long @ 13.662
Because this is a more aggressive entry point, I set my position size and SL to minimize the loss should it not go in my direction. I am also able to add to the position once trend has been confirmed on lower time frame (1h).
1M:
1W:
Down trend broken following consolidation breakout where newly HH/HL formed. Current pullback close to support zone.\
1D:
pullback to 76% Fib. Pullback could continue, however if it did it would question stability of up trend. I maybe early, but I am expecting trend continuation.
4H:
1H:
This is a more aggressive entry point. More conservative approach would be to wait until up trend has been established/confirmed on lower time frame.
Because this is a more aggressive entry point, I set my position size and SL to minimize the loss should it not go in my direction. I am also able to add to the position once trend has been confirmed on lower time frame (1h).
1M:
1W:
1D:
4H:
1H:
Trade ist aktiv:
Trade developing nicely. Support held.
Trade developing nicely. Support held.
