USDSGD 4H Chart - 3rd May awaiting NFP
Following up from my previous post on the 21st of 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.
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.