Forex Day Trading USDZAR

Forex Day Trading USDZAR

USDZAR is another one that give me great position with already good ROI%, over 4:1 and pay me during rollovers.

USDZAR can be more expensive to trade…and is harder to take a low trade risk, if you don’t put your preventative stop properly.

By counting the spread and the wild move it can offer, is not a pair I recommend to trade for those who start to trade Forex.

…but if done properly it call payoff very nicely.

Forex Day Trading USDZAR Daily Chart

As you can see, my risk compare to my entry point was very close ( stop was 10.7997price)…

For now, sellers are keep sealing and the candlestick that it give me, would maybe give me another opportunity to add some position.

The key of this trade is to see sellers break the following bullish trend, and if this done successfully and without hesitation, we should see USDZAR fall till 10.30038price, to complete this “M” pattern.