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asiansupermarket
Mar 4, 2016 12:44 AM

USDSGD 2hr 4mo wedge breakout Short

U.S. DOLLAR / SINGAPORE DOLLARICE

Description

Break down through the bottom of the wedge. This is a higher time frame than my usual trades; not 100% conviction on the shape of the wedge. Moving averages are clumped and range has recently tightened.

Trade active

1.3873 Short fill

Comment

Price is very close to TP (bottom of the wedge structure) so I moved my SL down to 1.37675

Trade closed: stop reached

1.37687 Closed out

While we were a few pips from the TP, and then my adjusted SL got hit, I am not complaining at all because this trade went our way from the beginning.
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