Forexbae
wrote a post · Jan 3, 2022 11:14
Anyone else shorting Wilmar?
Hey guys!Anyone else looking to short $Wilmar Intl (F34.SG)$ It's currently at the horizontal swing high resistance, the resistance of the descending channel and ichimoku cloud. All of those resistance aligned is suggesting a high possibility of a drop from around the 4.20 area. Looking to get in from there to the next swing low support at 3.99 which is in line with the 78.6% Fibonacci projection. If I'm wrong, my stop loss would be tight at the next overlap resistance at 4.27.Entry:4.20Take Profit:3.99Stop Loss:4.27$Wilmar 5xLongSG220225 (DFHW.SG)$ $Wilmar 5xShortSG230825 (DHGW.SG)$
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Jase Ng : Short at $4.35.