USDSGD Long - 20 Jan 2017
Background:
- Bullish engulfing pattern formed after breakout of the 50MA support
- Also, there is slight bullish divergence formed at the area
Entry:
- Buy stop set at 20pips above the bullish engulfing pattern's high @ 1.432
SL:
- Set way below 50% of the bullish engulfing candle, 20pips below round number 1.42 @ 1.418
- Probably should set SL below the low???
PT:
- Set at previous swing high @ 1.45
Notes:
- Not really happy with the RR ratio (1.29) as set bigger SL to sail through potential price fluctuation.
- Bullish engulfing pattern formed after breakout of the 50MA support
- Also, there is slight bullish divergence formed at the area
Entry:
- Buy stop set at 20pips above the bullish engulfing pattern's high @ 1.432
SL:
- Set way below 50% of the bullish engulfing candle, 20pips below round number 1.42 @ 1.418
- Probably should set SL below the low???
PT:
- Set at previous swing high @ 1.45
Notes:
- Not really happy with the RR ratio (1.29) as set bigger SL to sail through potential price fluctuation.
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.