June 21 Singapore MSCI Futures Trade

Yesterday we found a 2 timeframe sell opportunity on the MSCI Singapore Futures. Our entry was at 326.0 with initial stop at 327.7. As this is a counter trend trade on the higher time frame, there will be limited profits. We can have either a take profit level or a preserve mode level; a level where we tighten our stops. Our preserve mode is at 323.0. It did reached our preserve mode and we exit at 323.6.

About the Author Maneshkumar Patel