jonnyteg

Eyes on the short EURSGD

jonnyteg Updated   
OANDA:EURSGD   EUR/SGD
** Wait for the entry before taking this one **

Chart - EUR/SGD
TF - Daily
Likely duration of trade 3 days - 4 weeks

1.Trend in play ? Yes we can see from the open EMA ribbon we have gauged bearish trend this has been ongoing for months
2. Entry - Not just yet we should be looking for some more bearish evidence on price close data from the D1 candle, we need evidence to trigger
3.SL - 15353
4. TP - 15100 level
5.RR At least TBC we need to view entry price first
6. Support factors - Continued long term bear trend, price has respected both dynamic and non dynamic resistance this suggests this time it should repeat
7. Rating 8/10

Dream pips
Trade active:
Entry may be triggered in the next few hours, nice bearish evidence so far price rejection from both of the dynamics.

Dream pips
Comment:
As expected price starting to fall heading towards TP level

Dream pips
Trade active:
Good day for this short progressing as expected toward TP

Dream pips
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