USDSGD Big drop could occur soon. Short now
A corrective structure at the bottom of the major trend line
*Price break the wedge
*Short you understand the plan and RR ratio is acceptable
Soon fed will be neutral
And other central banks will have a lot of space to play with rate hikes.
You can short now
SL: 1.3795
(Note: Do not enter the trade if the price do not come to the buying/selling zone).
This trade is using trend following strategy, Loss small, Win BIG.
Remember to always follow these rules: (1) Cut losses. (2) Ride winners. (3) Keep bets small. (4) Follow the rules without question. (5) Know when to break the rules.
You can always take your profit based on your own trading style. It's your call.
Good luck.
Please like, comment, and follow to support the author if you find this analysis helpful.
*Price break the wedge
*Short you understand the plan and RR ratio is acceptable
Soon fed will be neutral
And other central banks will have a lot of space to play with rate hikes.
You can short now
SL: 1.3795
(Note: Do not enter the trade if the price do not come to the buying/selling zone).
This trade is using trend following strategy, Loss small, Win BIG.
Remember to always follow these rules: (1) Cut losses. (2) Ride winners. (3) Keep bets small. (4) Follow the rules without question. (5) Know when to break the rules.
You can always take your profit based on your own trading style. It's your call.
Good luck.
Please like, comment, and follow to support the author if you find this analysis helpful.
Comment:
Short only if you understand the plan and RR ratio is acceptable.
Comment:
Nice drop. Adjust your stop loss to breakeven. Risk free trade now, good luck :D
Comment:
Good
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Ride the trend all the way down. Remember to manage your trade.
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