USDSGD 2hr 4mo wedge breakout

4 mar 2016

Break down through the bottom of the wedge. This is a higher time frame than my usual trades; not 100% conviction on the shape of the wedge. Moving averages are clumped and range has recently tightened.

4 mar 2016

Trade attivo

1.3873 Short fill

4 mar 2016

Nota

Price is very close to TP (bottom of the wedge structure) so I moved my SL down to 1.37675

4 mar 2016

Trade chiuso: stop raggiunto

1.37687 Closed out

While we were a few pips from the TP, and then my adjusted SL got hit, I am not complaining at all because this trade went our way from the beginning.