Short Opportunity Heads 'n' Shoulders GBPSGD

4. Sept.

https://www.tradingview.com/x/3Y6WB5Wh/

GBPSGD.... Short... This has retested and breaking down at the neck right now!

4HR

4. Sept.

Trade ist aktiv

A couple ideas for trade.

1. SL 1.71650 (aggressive)
2. SL 1.71800 (less aggressive)

TP: 1.70590

4. Sept.

Anmerkung

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.

4. Sept.

Anmerkung

A SL @ 1.71900 (conservative)
Would still be just over 3:1 Reward / Risk

4. Sept.

Trade ist aktiv

Short GBPSGD

4. Sept.

Trade ist aktiv

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.