Have observed SGDJPY for quite some time now. Seems to me that this pair is ranging + we are at a resistance zone. It might be a good idea to take a short trade here.
Trade active
Shall place a short position and see how it goesNote
In drawdown right now. -_-I have my SL at 83.200.
Will hold until I get stopped out
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You may shift to breakeven :)Note
We are now up 50+ pips!You may close 1/2 position here!
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I have a feeling that SJ might spike up next 3 market days. Refer to my link.
Anyways, we are already in profit so it shouldnt affect us.
I will be looking for sells if it ever reached back ~82.700 again.
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Just a small update, we are halfway there.Personally I will still be holding my 50% of my positions.
Gratz to >100 pips!!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.