GBPSGD: 20 Feb 2017 Elliott wave update - Expecting 1.7230 befor
Talking Points:
HTG Note:
Current wave structure on GBP/SGD is looking bullish on daily timeframe. However, while decomposing lower time frame count, we are expecting correction should still due and should be completing in near future. Our target on this pair is to see 1.7230 minimum.
Action
We initiated short position @ 1.7680 with limited stoploss, target on 1.7260 to 1.7230.
-- By Hoagtrading.com (Twitter: @Hoagtrading)
- Technical Strategy: Temporary Bearish
- Elliottwave Count: Correction still in process. Expecting one more leg down.
HTG Note:
Current wave structure on GBP/SGD is looking bullish on daily timeframe. However, while decomposing lower time frame count, we are expecting correction should still due and should be completing in near future. Our target on this pair is to see 1.7230 minimum.
Action
We initiated short position @ 1.7680 with limited stoploss, target on 1.7260 to 1.7230.
-- By Hoagtrading.com (Twitter: @Hoagtrading)
Trade active:
We are still alive and fortunately out stoploss not hit. We are adding another position here.
Trade closed manually:
Trade Closed @ 1.7387
Trade Closed @ 1.7387
-- By Hoagtrading.com (Twitter: @Hoagtrading)