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.
With this said, Happy trading Pals
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.
With this said, Happy trading Pals
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