Talking Points:
HTG Note:
Current wave structure on GBP/SGD is looking bullish on daily timeframe. However, while decomposing lower time frame count, we are expecting correction should still due and should be completing in near future. Our target on this pair is to see 1.7230 minimum.
Action
We initiated short position @ 1.7680 with limited stoploss, target on 1.7260 to 1.7230.
-- By Hoagtrading.com (Twitter: @Hoagtrading)
- Technical Strategy: Temporary Bearish
- Elliottwave Count: Correction still in process. Expecting one more leg down.
HTG Note:
Current wave structure on GBP/SGD is looking bullish on daily timeframe. However, while decomposing lower time frame count, we are expecting correction should still due and should be completing in near future. Our target on this pair is to see 1.7230 minimum.
Action
We initiated short position @ 1.7680 with limited stoploss, target on 1.7260 to 1.7230.
-- By Hoagtrading.com (Twitter: @Hoagtrading)
Trade active
We are still alive and fortunately out stoploss not hit. We are adding another position here.Trade closed manually
Trade Closed @ 1.7387
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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.