buy sell a trade

My planning for USDSGD in multiple time frame charts


Last Friday close shows a bearish expansion in USDSGD. Lined up in daily, H4, and H1 context, you can see why. If a short signal appears, it is following Double Top logic. However, a bullish 1-2-3-4 could appear later on daily time frame (after a short is completed). So we are going to be careful about where to close our short because once 1-2-3-4 appears, there may be a plan to go into a swing long mode.

How I’m going to plan for this trade

Emphasis: This is my planning. My planning may not be yours. However I want to share the way I put this together to justify my subsequent action. You have to decide if you want to trade, how much you want to trade, how much you can lose, how you intend to enter and where you intend your SL and TP to be.

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