Andre_Cardoso

(4h) Bearish Butterfly & Structure Breakout

Short
FX_IDC:USDSGD   U.S. Dollar / Singapore Dollar
OANDA:USDSGD

Example of 1:2 risk/reward at 1st target the 38% from the pattern completion point;


Safe Trades;
Comment: adjusted fibs, at new high, adjusted targets and stops to a 1:1 r/r

That said...

Comment: Testing previous structure,
Comment: 1st target
Trade closed: target reached: At 2nd target.
Suggestion: Close position but keep a portion of it;
Adjust the stops above the 1st target, the 38% fib with a trailing stop following the price...