USDZAR Long trading opportunity(swing-trading) 1

I expect a swing of about 60-80c all the way up to R15 per dollar, I have personally opened a long position with the size of R425000 (30000USD), expecting the ZAR to weaken in the short term within a week to a few weeks (less than a month) to 14.95+-.

Stop Loss is around 13.95, take profit is 14.95, the entry price is 14.16

USA inflation data indicating that it is likely a peak has been reached, it is likely to go lower from here on...

Next week FED will discuss the US interest rates...

Coronavirus full-vaccinations in the US are almost at 70%...

US stock market (S&P 500) is struggling to go higher...

I have a feeling...

Handel aktiv:

Proof:

drive.google.co...PBQtptcpZl/view?usp=sharin...

Kommentera:

adjusted stop loss to 14.17

Kommentera:

closed position at 14.33, bought in again with same amount (30k USD) at 14.28 again.

Trade still active

Kommentera:

adjusted stop loss to 14.20

Kommentera:

adjusted take profit to 14.92

Kommentera:

closed position at 14.43875,

bought in again with same amount (30k USD) at 14.405

Kommentera:

adjusted take profit to 14.80

Kommentera:

adjusted stop loss to 14.25

Kommentera:

closed position at 14.535

going to try and get in again between 14.40-14.50

Trade stängt manuellt:

only got a 40-45c profit, not the full haul I wanted to, not used to these long positions in the FOREX market...

but I still think we are going to see R15 for US dollar.

proof:
drive.google.co...Ngh3hrmVrL/view?usp=sharin...