Short Opportunity Heads 'n' Shoulders GBPSGD
Updated
https://www.tradingview.com/x/3Y6WB5Wh/
GBPSGD.... Short... This has retested and breaking down at the neck right now!
4HR
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.
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