EUR/SGD - 200 Pips Opportunity
Updated
EUR/SGD is currently in a short term consolidation zone. This is a continuation pattern.
As EUR/SGD breaks its current support, it will continue its bearish trend.
However, if it fails to break its support and shows strength to retaliate, the move is cancelled until further confirmation.
As EUR/SGD breaks its current support, it will continue its bearish trend.
However, if it fails to break its support and shows strength to retaliate, the move is cancelled until further confirmation.
Note
Position is becoming less certain. You decide whether you close your trade and open it back at a higher price (If the move is still active). We'll know more whitin the next 10 hours.Note
Next possible move further below as the pair looks for a strong support. Put your SL at the last high --> 1.57 or simply put a pending order at 1.56 so that you may enter in the move as soon as the break begins.
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.