USDSGD: Massive topping pattern

31. Jan. 2017

I just noticed USDSGD 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.

31. Jan. 2017

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This one's going well.

1. Feb. 2017

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Move stop to entry price and hold.

3. Feb. 2017

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

4. Feb. 2017

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

6. Feb. 2017

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

12. Feb. 2017

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Reenter at market open, we were stopped at entry but USDSGD 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.

14. Feb. 2017

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

16. Feb. 2017

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Going well now.

24. Feb. 2017

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Awesome.

26. Feb. 2017

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27. Juni 2017

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