USDSGD: Massive topping pattern
I just noticed $USDSGD has a massive topping formation, and an active downtrend signal with a reasonably tight stop loss here. You can enter at market with stops above 1.4315 and aim for a decline as depicted on chart here.
Good luck,
Ivan Labrie.
Good luck,
Ivan Labrie.
Commentaire:
Move stop to entry price and hold.
Move stop to entry price and hold.
Commentaire:
Better let you stop you out at entry, in case it still falls.
Commentaire:
It's mixed here, but potential is there. Let it run.
Commentaire:
Either book profits here, or at least cover half or 75% of the position, and hold the rest with break even stop.
Either book profits here, or at least cover half or 75% of the position, and hold the rest with break even stop.
Commentaire:
Reenter at market open, we were stopped at entry but $USDSGD has a new short signal here if it expands range down:
s3.amazonaws.com/tra...shots/k/KQbHKClQ.png
It built a new mode lower, chart is still very toppy.
s3.amazonaws.com/tra...shots/k/KQbHKClQ.png
It built a new mode lower, chart is still very toppy.
Commentaire:
Stopped but you may reshort now with a stop at the recent high.
Commentaire:
Going well now.
Commentaire:
Awesome.
Awesome.
Commentaire:
Commentaire:
A technical trader's nightmare...holding this decline, it did move as forecasted, but short term movement was incredibly deceitful.
This one's going well.