Short Opportunity Heads 'n' Shoulders GBPSGD

https://www.tradingview.com/x/3Y6WB5Wh/

GBPSGD.... Short... This has retested and breaking down at the neck right now!

4HR

Trade active

A couple ideas for trade.

1. SL 1.71650 (aggressive)
2. SL 1.71800 (less aggressive)

TP: 1.70590

Note

I posted it because it's a H&S Short on Multiple Timeframes.
It's not always easy Shorting the Pound...It resists... but it goes down it goes down.
Here is another chart.

Note

A SL @ 1.71900 (conservative)
Would still be just over 3:1 Reward / Risk

Trade active

Short GBPSGD

Trade active

Short GBPSGD:

This next 15m Chart shows an orange box & how price started retesting (left of screen) at about 4pm yesterday Tuesday and the recent conclusion to the retest. Far right of chart you can see how the price-action is slowly but surely selling off beneath the neck.

Easy_Explosive_Trading

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Easy_Explosive_Trading

Also on: