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PawnMeNot
Mar 8, 2018 2:43 PM

Short EUR/SGD Short

EUR/SGDOANDA

Description

Daily:
Broke uptrend support at 1.63270
Currently re-testing the support turn resistance line

4H:
Reject prices at 1.6350 horizontal resistance line
Bearish rejection wicks.

Position: Short
Entry: 1.6285
Stop Loss: 1.6405
Target: 1.6045
Risk:Reward = 1:2

Trade closed manually

Prices are not moving according to plan. Since the position is in the green, close with some profits rather than a potential loss.
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