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

9 באוק׳ 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 באוק׳ 2023

הערה

Looking short on rises towards highs (prev short zones)

10 באוק׳ 2023

הערה

Exit any shorts, no longs yet.

11 באוק׳ 2023

הערה

Re shorts still only on pushes back to highs.

12 באוק׳ 2023

הערה

Any shorts, exit at W Support.

13 באוק׳ 2023

הערה

Out of shorts, minor longs applicable.

15 באוק׳ 2023

הערה

Any pushes up exit longs and change to short bias.

18 באוק׳ 2023

הערה

Holding light entries^

19 באוק׳ 2023

הערה

Exit longs, flip light short.

20 באוק׳ 2023

הערה

Holding shorts alike other pairs.

21 באוק׳ 2023

הערה

Avoid longing other us pairs and shorting this one.

24 באוק׳ 2023

הערה

Out of all trades, re shorts much higher.

27 באוק׳ 2023

הערה

Still holding bias, shorts only 19.38

1 בנוב׳ 2023

הערה

Hands off approach.

3 בנוב׳ 2023

הערה

Let it go. Hands off.

17 בנוב׳ 2023

הערה

Only minor longs or further risk averse entries lower.