IvanLabrie
Long

USDSGD: Interesting long setup

FX_IDC:USDSGD   US DOLLAR / SINGAPORE DOLLAR
5 months ago
We have an aggressive long entry here in USDSGD             , I copied the rally from April 29th, 2015, since it matches the current prices very well to illustrate what is possible here.
There was a downtrend which has expired and we're above weekly support, so we can expect higher prices soon.
In the 4h chart we can observe a potential uptrend forming, so it's potentially a good long entry here, even though it is indeed early to join the long side.
We should see this pair gain traction after the FOMC meeting, let's give it a try and see how it goes. 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: This trade is punishing from the start, but let's give it some breathing room. I think it will trend clearly after FOMC, let's just hope it doesn't go for our stops first. If not we might have to reenter with a different strategy, but we'll know soon enough.
5 months ago
Comment: Good progress, looks promising.
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Genghis
USDSGD Long
Genghis about USDSGD 1 5 months ago
Looking good! I'll monitor this and join the wagon w/ you
snapshot
Reply
IvanLabrie TOP moorekapital
5 months ago
Thanks.
It's early, 4h has potential for an uptrend, daily and weekly maybe, but not yet 100% there.
I think after FOMC, everything will be clearer here.
Reply
moorekapital PRO IvanLabrie
5 months ago
Very correct! Let's wait . Looks a good guy when it picks the baton.
Reply
Entry is still pips away but looks good
snapshot
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IvanLabrie TOP KevinSinghDhaliwal
5 months ago
Hi Kevin. What do you mean? The entry at C, or what?
+1 Reply
KevinSinghDhaliwal IvanLabrie
5 months ago
Hi Ivan, no I missed the entry at C leg. Now got the entry at 1.3576. Are you already in? Or are you waiting for the news tomorrow?
Reply
IvanLabrie TOP KevinSinghDhaliwal
5 months ago
I'm in, waiting around for momentum. Thanks for clarifying. Cheers!
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