GBPSGD: Interesting long opportunity

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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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?
Hi, I don't really use MACD like that, so I can't quite comment on your asessment.
TF. IvanLabrie
weekly bullish divergence ;)
but you can see 3 lower lows ( weekly and 3 higher highs macd and then go up...)
Since I use a prop trading strategy, what you mention doesn't ring a bell.
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