Finally the bounce up I've been waiting for several weeks now. Going long with TP near 15.000 after the S&P downgraded South Africa's debt to junk status.
dailyfx.com/forex/market_alert/2017/04/04/South-African-Rand-Clobbered-by-SP-Junk-Downgrade.html?DFXfeeds=forex:market_alert
D:
W:
Confidence: A (with USD index chart beginning to show signs of recovery and weaker ZAR after the downgrade, technicals aligned with fundamentals and sentiment)
dailyfx.com/forex/market_alert/2017/04/04/South-African-Rand-Clobbered-by-SP-Junk-Downgrade.html?DFXfeeds=forex:market_alert
D:
W:
Confidence: A (with USD index chart beginning to show signs of recovery and weaker ZAR after the downgrade, technicals aligned with fundamentals and sentiment)
Note
dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2017/04/05/US-Dollar-May-Rise-as-Minutes-Show-FOMC-Looking-Past-Trump-Trade.html?DFXfeeds=forex:fundamental:daily_briefing:session_briefing:euro_openClosely monitoring any update about the Trump-Xi meeting and upcoming FOMC minutes later.
Note
My buy stop on Mt4 has been hit (slightly different setup than this one). Will post update tomorrow.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.