USDZAR - Reenter Short Trade after pullback

I'm back in the trade. Short @ 11.65462, SL 11.69999


This is a continuation of my last trade with this pair. I have room to add to my position if I get a good opportunity.

交易進行:

Last 4H completed candle was bullish reversal. Price could retest upper resistance area. My SL is pretty tight, especially when considering the spread with this pair. My small opening position & tight SL allowed me to add to the position. My new combined positions short entry is 11.66812.

Any movement in the right direction will give a good opportunity to reduce overall position size and increase SL. Price action over the next hour will help make that decision.

交易進行:

Closed 1/2 of position @ 11.57714 for a 926 pip gain.

The remaining position (which was opened @ 11.68015) is still opened. New SL is 11.6545.

I probably will close at least a portion of that position by the end of the day. However, I am strongly considering leaving at least a portion opened with a tentative TP around 11.56. If I have time, I will leave another post later explaining why and trade details.

交易進行:

Closed 1/2 of the 1/2 position that was still opened @ 11.55675 for a 1234 pip gain.

Will keep remaining position open. Current SL @ 11.6545. TP is currently set at 11.47. That is subject to change.