TradingView
kgmoney
Sep 3, 2016 2:34 AM

Short Back Down to Weekly Pivot Short

U.S. Dollar/South African RandFXCM

Description

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!
More