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

9 Okt 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 Okt 2023

Nota

Looking short on rises towards highs (prev short zones)

10 Okt 2023

Nota

Exit any shorts, no longs yet.

11 Okt 2023

Nota

Re shorts still only on pushes back to highs.

12 Okt 2023

Nota

Any shorts, exit at W Support.

13 Okt 2023

Nota

Out of shorts, minor longs applicable.

15 Okt 2023

Nota

Any pushes up exit longs and change to short bias.

18 Okt 2023

Nota

Holding light entries^

19 Okt 2023

Nota

Exit longs, flip light short.

20 Okt 2023

Nota

Holding shorts alike other pairs.

21 Okt 2023

Nota

Avoid longing other us pairs and shorting this one.

24 Okt 2023

Nota

Out of all trades, re shorts much higher.

27 Okt 2023

Nota

Still holding bias, shorts only 19.38

1 Nov 2023

Nota

Hands off approach.

3 Nov 2023

Nota

Let it go. Hands off.

17 Nov 2023

Nota

Only minor longs or further risk averse entries lower.