An Invesre Head and Shoulder on Daily ChartPrice has formed an inverse Head and Shoulder on Daily Chart and broke through the nechkline. On H4, Price has retested previous S/R (Neckline).
An Ideal long for multiple lots with the last lot targeting weekly highs. Stop loss should be placed below 1.8047 and targets for multiple lots should be set accordingly.
GBPSGD trade ideas
Pending sell order: GBPSGDI would like to this counter trend and have placed a pending sell order to short GBPSGD. If the I get filled in with a spike up and then down that would be good. If I see a strong push and the price holds within my entry area, I will then try to get out for a breakeven or a small loss before reassessing for another entry for short.