USDSGD: Massive topping pattern
I just noticed $USDSGD has a massive topping formation, and an active downtrend signal with a reasonably tight stop loss here. You can enter at market with stops above 1.4315 and aim for a decline as depicted on chart here.
Good luck,
Ivan Labrie.
Good luck,
Ivan Labrie.
Comment:
Move stop to entry price and hold.
Move stop to entry price and hold.
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Better let you stop you out at entry, in case it still falls.
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It's mixed here, but potential is there. Let it run.
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Either book profits here, or at least cover half or 75% of the position, and hold the rest with break even stop.
Either book profits here, or at least cover half or 75% of the position, and hold the rest with break even stop.
Comment:
Reenter at market open, we were stopped at entry but $USDSGD has a new short signal here if it expands range down:
s3.amazonaws.com/tra...shots/k/KQbHKClQ.png
It built a new mode lower, chart is still very toppy.
s3.amazonaws.com/tra...shots/k/KQbHKClQ.png
It built a new mode lower, chart is still very toppy.
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Stopped but you may reshort now with a stop at the recent high.
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Going well now.
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Awesome.
Awesome.
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Comment:
A technical trader's nightmare...holding this decline, it did move as forecasted, but short term movement was incredibly deceitful.
This one's going well.