The shoulders are sitting way too low in order for it to qualify as a H&S pattern according to my plan. As a matter of fact there are a lot of signs showing bullish momentum. 1) Weekly Bullish Divergence 2) Soon to be completed double bottoms 3) Flat Correction complete from the most recent impulse
Merry Christmas to you all and wishing you a profitable 2018! :)
My personal details: Long @ Entry: 1.3350, SL: 1.3270, TP: TBD
For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss. Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market. This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Bình luận
⋅
ready to turn?
Bình luận
⋅
readjusted
Bình luận
⋅
This is why you always gotta look at the bigger picture... The proper turning point
hi,
USDSGD - I think that will continue to fall ... if not down to 1.41% fib, then at least 1.27% - that is until 1.3246 ... in all cases first solid support delivers october-high 2011 @ 1.3198 ...
but if 1.3346 holds, then you see it right
Aqua_Trader
⋅
@NeverNO, thank you for your view and good luck :)
@SN_Doumet, Master, I am holding 100 k USD and i want to convert them into SGD by mid Feb, do you think I should wait for 1-2 months more or I should exchange it now? Appreciate your advise.