I have 2 trades open. They are both at only 0.01
My 2 take profits are on the chart. This chart is very clear! Price made many tops on the daily and has started its move down.
If you trade this big , you could get caught in days of ranges , get aggervated and close the trade that should be a winner , but was a loss instead. This kind of trading has changed the...
I am waiting for SGD/USD to hold above 0.6876 before starting higher.
Quite likely, the upwards correction will eventually reveal itself to be partial and a new corrective wave sequence will likely commence.
Short term; short
medium term; long
long term; short
If you would like to speculate a little bit, this can be your next trade.
SGD/USD is at a weekly 61.8 Fibonacci level. This level is also known as the golden level, meaning that if we have the price above the same level, we are in an uptrend, and vice versa.
I will take a closer look at future market development and RSI 40 level.
If the price holds above...
SGDUSD pair has completed the Crab pattern at 1.618 extension.
On 4h timeframe, pair shows bearish divergence on RSi and Macd.
It could retrace to three targets of 38.2%, 50% & 61.8%
But for now, looking for minimum retracement 38.2%.