USD/ZAR Daily Candlesticks & Ichimoku Chart –   SHORT 

Oct 2: Initiated short on the bearish candle

Oct 11: Took partial profits and let 50% of the position ride with adjusted S/L and T/P (For actual adjusted levels, click here)

USDZAR has pierced through the daily ichimoku cloud aggressively. A close below the cloud will confirm that the downtrend has only just begun.

Vee, our Founder/CIO highlights patterns/formations on selected chart(s) every week which may have the potential to turn into trading opportunities. These charts are first sent out on Monday of the week to members subscribed to THE LONG & SHORT OF IT, which helps you to filter out the noise and condense only what’s important in the markets for the week ahead.

Disclaimer: The views and opinions expressed in this material do not constitute a recommendation by TrackRecord Pte. Ltd. that any particular investment, security, transaction or investment strategy is suitable for any specific person. No part of this material may be reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without prior written permission of TrackRecord Pte. Ltd

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