USDZAR-SELL strategy 4-hourly chart
The SL @ 19.1125 was executed, but luckily I also had a SELL order placed switching of screens @ 19.1675, and I just took back around 19.0100. Stop-loss is always for protection, and RSI was quite high above 80.0 also made me decide to leave sell order higher than the SL.
The stochastic has turned negative and we are in a corrective mode now. Lower GANN is onloy 18.6700 area, and upper one is 19.1000 area. we spiked above the Keltner band, and could not sustain this with a high RSI.
Strategy SELL @ 19.0575-19.0950 and place SL above the last high. Profit order @ 18.7350.
The stochastic has turned negative and we are in a corrective mode now. Lower GANN is onloy 18.6700 area, and upper one is 19.1000 area. we spiked above the Keltner band, and could not sustain this with a high RSI.
Strategy SELL @ 19.0575-19.0950 and place SL above the last high. Profit order @ 18.7350.