GBPSGD -Short. Naked trading. Longterm Bias: SGD > GBP.
Updated
Short trade on Daily timeframe for GBPSGD (Swing trading-Long term).
Naked trading with trend line breakout (orange-color line) in bearish bias.
Zig zag peak point is reached and forming another bearish line.
RSI already on the downward momentum.
Price is currently at important resistance level.
Trade details (2 options of entry):
Entry option 1: 1.81811 (early trade-->aggressive risk)
Entry option 2: TBD (at the break of the trend line downward-->conservative risk)
TP: 1.77440 (initial TP).
SL: 1.83460
Note #1: For the conservative trader, stay tune on this trade, I will update it once the price broke the trend line, or if I have other update.
Note #2: I run multiple accounts (manual and automatic/robot trades), so few times I forgot updating the trade, please remind me by chat just to make sure.
Naked trading with trend line breakout (orange-color line) in bearish bias.
Zig zag peak point is reached and forming another bearish line.
RSI already on the downward momentum.
Price is currently at important resistance level.
Trade details (2 options of entry):
Entry option 1: 1.81811 (early trade-->aggressive risk)
Entry option 2: TBD (at the break of the trend line downward-->conservative risk)
TP: 1.77440 (initial TP).
SL: 1.83460
Note #1: For the conservative trader, stay tune on this trade, I will update it once the price broke the trend line, or if I have other update.
Note #2: I run multiple accounts (manual and automatic/robot trades), so few times I forgot updating the trade, please remind me by chat just to make sure.
Trade closed: stop reached
SL reached. Move on to the next trade.
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