I am looking to short USDZAR by R18.22500 as the FOMC release is upon us. Price has tested the Bearish OB. I am expecting a nice dump to occur before any rally occurs. My target price for the short position is at the Fair Value Gap. Just below the FVG, there is a Bullish OB at round figure R18.000. Do manage your risk accordingly.
If you are confused with which broker to use to trade Forex pairs, I got you covered as i am recommending you to try out FBS which is a regulated broker that has been in operation for 12+ years running. There are pretty cool incentives (e.g. Rebates on trades) you shall receive using this link: fbs.partners/?ibl=11840&;ibk=FBSMoney
Feel free to do more research on them before opening an account.
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