USDSGD: Massive topping pattern

I just noticed has a massive topping formation, and an active downtrend signal with a reasonably tight stop loss here. You can enter at market with stops above 1.4315 and aim for a decline as depicted on chart here.

Good luck,

Ivan Labrie.

Note

This one's going well.

Note

Move stop to entry price and hold.

Note

Better let you stop you out at entry, in case it still falls.

Note

It's mixed here, but potential is there. Let it run.

Note

Either book profits here, or at least cover half or 75% of the position, and hold the rest with break even stop.

Note

Reenter at market open, we were stopped at entry but has a new short signal here if it expands range down:
s3.amazonaws.com/tradingview/snapshots/k/KQbHKClQ.png
It built a new mode lower, chart is still very toppy.

Note

Stopped but you may reshort now with a stop at the recent high.

Note

Going well now.

Note

Awesome.

Note

A technical trader's nightmare...holding this decline, it did move as forecasted, but short term movement was incredibly deceitful.

IvanLabrie

🔒Want to dive deeper? Check out my paid services below🔒

linktr.ee/ivanlabrie

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.

IvanLabrie

🔒Want to dive deeper? Check out my paid services below🔒

linktr.ee/ivanlabrie

Also on: