USDZAR Long trading opportunity(swing-trading) 2
I expect a swing of about 80-100c all the way up to R15.50+- per dollar, I have personally opened a big long position, expecting the ZAR to weaken in the short term within a week to a few weeks (less than a month or about a month) to 15.50+-.
Stop Loss is around 14.40+-, take profit is 15.55, the entry price is 14.55
USA interest rate tightening, alongside the war in Ukraine likely to not worsen from this stage as there are already peace talks underway and Russia is taking heavy losses (beyond the propaganda now), I expect the war to come to an end in 2-10 months
I was stop loss-ed (with small profit) in my S&P 500 index fund Long position, so its another sign if the USA stock market is struggling to go higher that a change in direction is likely.
I have a feeling...
Stop Loss is around 14.40+-, take profit is 15.55, the entry price is 14.55
USA interest rate tightening, alongside the war in Ukraine likely to not worsen from this stage as there are already peace talks underway and Russia is taking heavy losses (beyond the propaganda now), I expect the war to come to an end in 2-10 months
I was stop loss-ed (with small profit) in my S&P 500 index fund Long position, so its another sign if the USA stock market is struggling to go higher that a change in direction is likely.
I have a feeling...
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I stopped out at 15.54, sorry, lol, I am risking too much to handle a longer downtrend, I am not fully certain this idea of mine will play out as it is, but still possible