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PawnMeNot
Jan 30, 2018 2:01 PM
Long NZD/SGD
Long
OANDA:NZDSGD
1D
NZD/SGD
OANDA
Description
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Jan 30, 2018 2:01 PM
Daily:
Price broke above horizontal resistance turned support line at 0.960
Price is on an uptrend channel and is staying above on a well supported 21 MA
Bullish wicks can be found on 4H chart
Position: Long
Entry: 0.9615
Stop Loss: 0.9555
Target: 0.9735
Risk:Reward = 1:2
Trade closed: stop reached
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Feb 18, 2018 3:15 PM
Although this got stopped out, my previous post yield me a risk:reward ratio of 1:3, no losses incurred with the 2 trades.
Trend Analysis
Chart Patterns
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