FullTimeTrader
Long

EURSGD-long term ZIGZAG

FX_IDC:EURSGD   EURO / SINGAPORE DOLLAR
312 0 7
I like SGD pairs because they have clear wave structures. Sometimes the majors are very confusing because they are too manipulated.

Im closely following this pair last months (see related ideas)

According to this EW count price is forming a long term zigzag ( ABC             blue)

Right now price is making a perfect correction.

- 0.61 fib retracement
- 1.61 fib extension
- corrective channel as support

Looking at monthly chart price is recovering from all-time lows (see below).

snapshot

Im already long and will keep this trade some months.

Best regards

*****************DISCLAMER********************************************************************
Always do your own analysis and plan before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).
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