SimonDutton
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Bollinger Band Small Overnight Sell

OANDA:EURUSD   Euro / U.S. Dollar
A quick overnight short using Bollinger Band as a support, I took a quick overnight short position on the EUR/USD             0.02% -0.03% . The idea for the trade was to look for a bearish candlestick pattern forming at the top band after a reasonably large spike. This happened at 6/6:15 UTC+1 with a Doji forming at the top of the band, in addition to this the Stochastic was indicating that the pair was overbought. With this in mind, I entered the trade with a fairly wide stop to avoid any spiking from intraday traders closing position (Although I wasn't expecting that as it was a Thursday not Friday). As the volume tailed off overnight, although there was one spike that found resistance at the top band not testing my SL before a decline which hit my take TP for just over a 3% gain.
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