Technician
Long

USDSGD: I am Long for the long-term

1376 21 21
Update: First Target Hit
Stop loss moved to break even
All targets reached
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I just initiated a long term long position.

If you're looking for a longer term position trade, this might be a good choice to speculate on. The pair has been in a major consolidation phase within the past few years, that kind of action usually precedes major long term trend shifts. The price may have broken out recently, and could be just the start of something much bigger.

The fundamentals support this view, as markets continue love the U.S. dollar, the out-performance of the U.S. economy and potential reversal in the monetary policy cycle could be the main catalyst for this trade.

Best of Luck , join me at https://twitter.com/thefxchannel
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My best regards,
Technician
We are finally LIVE https://thefxchannel.com
This was a bit like your AUDCHF last year. Magnificent! Paid for a lot of vet bills.. Thank you!
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HexVex HexVex
-10
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-10?
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HexVex Technician
That's for me. Since I set my self up for the wrath of the Mods with some irreverant comments and I'm a contrarian to some heavily publicized prophesies here I thought why not dish out exaggerated reputation points based on a very innocent understanding of Tradingview etiquette. Don't worry I'll grow out of it by tomorrow morning
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very good
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Full target hit on this trade
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CarlosEspeleta Technician
Amazing Technician
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Technician TOP CarlosEspeleta
Thanks Carlos :)
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http://www.bloomberg.com/news/articles/2015-01-28/singapore-joins-global-wave-of-monetary-easing-after-prices-fall
http://www.bloomberg.com/news/articles/2015-01-28/why-china-may-not-follow-singapore-in-global-push-for-weaker-currencies

Nailed it. Blew through the third target now :)
It may possibility hit 1.4 and beyond too.
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Blowing through second target
+1 Reply
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