USD/ZAR - 27/08/2021 15:29 R14.91/$

27 ago 2021

USDZAR

Given triple top, a completed cup and handle, as well as break below R15/$, we see USD strength waning and a break to R14.32

Stop Loss = R15.10
Take Profit = R14.32
Long-term (1-2 years) Take Profit = R13.23

Preferred Broker:
Exness
one.exness.link/a/un1hjf32

Initial Margin = $5 per $1000 (micro lot)

Recommendation:
$150 capital for this trade
5 micro lots short (i.e. 0.05 quantity)
This will ensure correct risk management and capital adequacy for this trade

*this information does not constitute advice, but is for educational purposes only.