luke1827
Long

WHY IT IS A GOOD IDEA TO TRADE USD/SGD USING CHANNELS PART 2

FX_IDC:USDSGD   U.S. Dollar / Singapore Dollar
Fellow traders,

Please see my previous post for context:
Looking to take advantage of channels and slopes and fib levels as shown in my chart.

Entry: 1.3566
SL: 1.3493
TP: 1.37769

All the best,

Luke
its kind of overbought for the moment
Reply
IvanLabrie jangseohee
When was the channel policy introduced?
+1 Reply
jangseohee IvanLabrie
hahaha, channel is never the policy
+1 Reply
Closing Trade here @ 1.3584. Reason being that the DX is hitting resistance
Reply
luke1827 luke1827
See chart.


Reply
Hi Ivan,

The slope I'm referring to is the channel slope. Not using MAs in this analysis.

Regards,
Luke
Reply
Looks good.
One question though: slopes? Moving average slope?
Reply
IvanLabrie IvanLabrie
Nevermind, gotcha! Nice going ;)
Reply
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