Fundamental & Technical analysis on USDZAR shorts
アップデート済
Fundamental: Open Interest on the South African Rand is increasing which is a Bearish signal/confluence. Commercial (Hedgers) Short positions are also increasing which for Exotic pairs like USDZAR means they are covering their Longs and add yet another Bearish confluence. Non-Commercial is also increasing its Long positions which is once again Bearish since you have too see it from a 180 degree view point.
COT Report: cot-reports.com/commitments-of-traders-cot-reports-non-commercial-detailed/
Technical: On the Technical Analysis side of things we have the 5 EMA crossing down the 20 EMA at the same time that Momentum is negative and the Stochastic %K line is underneath the 50% line
Stop Loss & Take Profits: To determine my Stop Loss and Take Profits I use a Fib Retracement drawn from a recent significant Low to a recent High. My strategy uses the 0.236 Fib LVL as the Stop Loss, for this trade that means 18.51172 on the chart is my Stop. Take Profit #1 is at Fib LVL 1.272, Take Profit #2 is at Fib LVL 1.414, Take Profit #3 is at Fib LVL 1.618, Take Profit #4 is at Fib LVL 2, Take Profit #5 is at Fib LVL 2.272, and my final Take Profit which is #6 is at Fib LVL 2.618.
COT Report: cot-reports.com/commitments-of-traders-cot-reports-non-commercial-detailed/
Technical: On the Technical Analysis side of things we have the 5 EMA crossing down the 20 EMA at the same time that Momentum is negative and the Stochastic %K line is underneath the 50% line
Stop Loss & Take Profits: To determine my Stop Loss and Take Profits I use a Fib Retracement drawn from a recent significant Low to a recent High. My strategy uses the 0.236 Fib LVL as the Stop Loss, for this trade that means 18.51172 on the chart is my Stop. Take Profit #1 is at Fib LVL 1.272, Take Profit #2 is at Fib LVL 1.414, Take Profit #3 is at Fib LVL 1.618, Take Profit #4 is at Fib LVL 2, Take Profit #5 is at Fib LVL 2.272, and my final Take Profit which is #6 is at Fib LVL 2.618.
トレード稼働中
I have entered a Short position near the 0.786 Fib LVL which ends up being around 18.10112 on the chart. If Take Profit #1 is hit then I will be taking off half of my position, at ever following Take Profit I will be taking off another half.手動でトレードを終了しました
Take Profit #1 has been hit so i have taken half of my position off. I've moved my Stop Loss to break even and I will let the runners run.手動でトレードを終了しました
I have taken another half position off at Take Profit #2, which is Fib LVL 1.414. My Stop Loss is still at break even for this trade, if you'll like you can move the Stop Loss lower into profit but i personally like to keep it at break even just incase we get a small reversal followed by more selling. 
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