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JLJ002500
19. Jan. 2018 20:29

USDZAR - Short after R/S zone retest Short

U.S. Dollar/South African RandFXCM

Beschreibung

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.



Trade ist aktiv

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.

Trade ist aktiv

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.

Trade ist aktiv

Key level's I'll be looking at.

Trade geschlossen: Ziel wurde erreicht

Took profits at 11.86525

Very nice trade. Possibly will reenter if pull back occurs.

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