USDZAR PRICE ACTION: Bearish Closing price Reversal Trade Setup Pulls higher, bullish trend confirmed

In recent times, I have made adjustments to how I determine a valid Trade Setup, entries, Stops and exits. In-fact a whole lot has changed abut how I trade the market. However, the modifications are only an improvement on the basic price Action Trading Techniques commonly available but now, entries and exits are made with much more precision.

The USDZAR Bearish Closing Price Reversal Trade Setup Trade which occured 5days ago needed a few more candles to confirm that traders were actually interested in going long from the setup. The confirmation was seen at about the London Open today, when price bounced off the its critical level on the 4hr time frame. This trade is expected to carry on into the 10.5000 Psychological Resistance zone but the Trade Room would usually close 50% of its open positions as price moves half way to our projected exit point leaving the rest of the trade to run on a 300pips trailing stop.


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