IvanLabrie
Long

GBPSGD: Interesting long opportunity

FX_IDC:GBPSGD   POUND STERLING / SINGAPORE DOLLAR
5 months ago
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!

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Ivan Labrie

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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.
5 months ago
Comment: Good progress right off the bat.
5 months ago
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.
5 months ago
Comment: Anyone caught this one?
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TF.
5 months ago
snapshot
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IvanLabrie TOP TF.
5 months ago
Hi, I don't really use MACD like that, so I can't quite comment on your asessment.
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TF. IvanLabrie
5 months ago
weekly bullish divergence ;)
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TF. TF.
5 months ago
but you can see 3 lower lows ( weekly and 3 higher highs macd and then go up...)
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IvanLabrie TOP TF.
5 months ago
Since I use a prop trading strategy, what you mention doesn't ring a bell.
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