To open long positions for USDSGD , it is required:
In this situation we are now waiting for Awesome Osci to go into positive territory alongside of our other system indicators to confirm trade entry confirmation for movement to the upside and but if the market trend continues to range this signal will become invalid. Market execution for entry, confirmation will be required for entry. The market enviroment is still ranging but we will monitor the activity of our positive readings until signal is in the appropriate conditions.
Risk Description: Once signal is confirmed 180 pips will be up for grab with small risk SL at swing low. The 2 previous signal on this pair was 328 pips and another 242 pips of profit since JAN/2017 to current date. We have seen quite a bear run this pair and we are now looking to capture for the bulls to deliver a impulse wave to the upside going into Q1 2018.
Profit expectations: 20 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal. We could possibly wait over 1-2months before an official signal if market decides to range on this exotic pair.
Current Dynamic S/R Levels:
Swing high: 1.3672
Swing Low: 1.3469