I like SGD pairs because they have clear wave structures. Sometimes the majors are very confusing because they are too manipulated.
Im closely following this pair last months (see related ideas)
According to this EW count price is forming a long term zigzag (ABC blue)
Right now price is making a perfect correction.
- 0.61 fib retracement
- 1.61 fib extension
- corrective channel as support
Looking at monthly chart price is recovering from all-time lows (see below).
Im already long and will keep this trade some months.
Best regards
*****************DISCLAMER********************************************************************
Always do your own analysis and plan before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).
Follow me on Twitter for updates: fxtrader2000
Im closely following this pair last months (see related ideas)
According to this EW count price is forming a long term zigzag (ABC blue)
Right now price is making a perfect correction.
- 0.61 fib retracement
- 1.61 fib extension
- corrective channel as support
Looking at monthly chart price is recovering from all-time lows (see below).
Im already long and will keep this trade some months.
Best regards
*****************DISCLAMER********************************************************************
Always do your own analysis and plan before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).
Follow me on Twitter for updates: fxtrader2000
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.