informedtrades
Short

Long Wick Off Resistance on USDSGD

26 0 0
It is definitely the pattern I find hardest to resist: when we see a long wick forming off support or resistance, I'm take an extra close look. And in the case of USDSGD             , this long wick off resistance is coinciding with the 200 EMA, while we have pattern of lower highs in the background. All of this suggests the market may be ready to head back down. I'm short at 2532 with my stop at 2568 and my target profit at 2361. I'm risking 36 pips to gain 171, which gives me a reward/risk of 4.75.

http://www.informedtrades.com
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out