Refer to the previous live analysis in August as below when the trade was taken:
It was a confident trade (shorting on main downtrend for this currency pair) so positions were heavy.
Reasons as illustrated on chart (Risk Management). The treacherous backtest of the black resistances are quite relentless, hence the risk management decision. I am keeping the other half positions because the black resistance is still providing successful suppression on prices.
Below are the losses converted into (SD) Singapore Dollar (SGD).
- S$ 122,921 SGD
= + S$ 1,629,451 SGD