kgmoney
Short

Short Back Down to Weekly Pivot

FX:USDZAR   U.S. Dollar/South African Rand
130 0 4
This pair seems to be overbought on the stochastics right around the top of a downward trend. Additionally, it appears to be getting repelled by the cloud. I'm looking for a move at least back down to the weekly pivot .
Trade active: I’m in at 14.55360.
Trade closed: stop reached: Well, my target was hit, but instead of sticking to the plan I moved my stop down and ended up stopping out at 14.2564. Still a decent profit, but I shouldn't have gotten greedy!
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