USDSGD 4H Chart - 3rd May awaiting NFP
Following up from my previous post on the 21st of April
https://www.tradingview.com/chart/USDSGD/0WYoJAHC-USDSGD-1D-Chart-21st-April/
This trade has progressed along my expectations, as indicated by the three orange circles, there were two retest and the one that's highest contained a bearish engulfing formation on the 4H chart , which also formed a lower high of 1.36596 in comparison to the high that was formed on 16th April of 1.36703 , which is indicated by the orange line in the graph.
My stop loss of the previous high was not triggered and this trade currently is making money, I did reopen additional positions 1.36445 and 1.36447 due to the engulfing formation and with a tight stop loss going into FOMC meeting, I had more upside than downside.
Now NFP is nearing , likely will take half profits first and ride the other half out with my final take profits not changing as stated in previous posts.
https://www.tradingview.com/chart/USDSGD/0WYoJAHC-USDSGD-1D-Chart-21st-April/
This trade has progressed along my expectations, as indicated by the three orange circles, there were two retest and the one that's highest contained a bearish engulfing formation on the 4H chart , which also formed a lower high of 1.36596 in comparison to the high that was formed on 16th April of 1.36703 , which is indicated by the orange line in the graph.
My stop loss of the previous high was not triggered and this trade currently is making money, I did reopen additional positions 1.36445 and 1.36447 due to the engulfing formation and with a tight stop loss going into FOMC meeting, I had more upside than downside.
Now NFP is nearing , likely will take half profits first and ride the other half out with my final take profits not changing as stated in previous posts.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.