ZAR Going to Melt - USDZAR Swing Longs
Price has given a reaction off of the key monthly level that has been refined.
Looking at South Africa, we can really see the devaluation of the ZAR coming. Additionally, this structure is looking gorgeous for upside.
We have a bunch of liquidity to target at around the 17.5 - 18.0 level, which majority of the positions will be shed; however, I'll be holding for $20.
I will scale in longs until we hit the EQB level at 16.85. After that, I will hold until we hit our swing target.
This will likely be a very quick impulse, so we're going to try and scale in as early as we can! Missed some opps already, but will keep on top of it now.
Cheers,
Matt
Looking at South Africa, we can really see the devaluation of the ZAR coming. Additionally, this structure is looking gorgeous for upside.
We have a bunch of liquidity to target at around the 17.5 - 18.0 level, which majority of the positions will be shed; however, I'll be holding for $20.
I will scale in longs until we hit the EQB level at 16.85. After that, I will hold until we hit our swing target.
This will likely be a very quick impulse, so we're going to try and scale in as early as we can! Missed some opps already, but will keep on top of it now.
Cheers,
Matt