IvanLabrie
Long

GBPSGD: Interesting long opportunity

FX_IDC:GBPSGD   POUND STERLING / SINGAPORE DOLLAR
We have an interesting setup in GBPSGD             , look to enter longs at market open, on dips to support or if we get new highs.
There is potential for the weekly uptrend to resume as well, but ideally we'd want to see price move in our favor right away. As usual, risk a max of 1-2% on this trade if you take it. Stop loss orders should be below Friday's low to be conservative. It's important to give trades just enough room to work.
Good luck!

Check out my updated track record here: http://pastebin.com/6CyyqnPT

If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.

Cheers!

Ivan Labrie

Link to Tim West's chatroom: https://www.tradingview.com/chat/#c8BzrhGRvXxGXWnJ
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.


Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise             directly or indirectly from use of or reliance0.57% on such information.
Comment: Good progress right off the bat.
Comment: Downtrend speed line broken up today, very good progress. If you got in at the open, you had a nice move despite having a wide stop under the recent low. You can add to this trade now, using the same stop.
Comment: Anyone caught this one?
snapshot
Reply
Hi, I don't really use MACD like that, so I can't quite comment on your asessment.
Reply
TF. IvanLabrie
weekly bullish divergence ;)
Reply
TF. TF.
but you can see 3 lower lows ( weekly and 3 higher highs macd and then go up...)
Reply
Since I use a prop trading strategy, what you mention doesn't ring a bell.
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out