Swing: Bearish trend is here to stay (16/04/19)
Updated
Based on the charts, SGX looks pretty bearish in the coming weeks/months ahead. 7.32 will be a tough resistance level for price to breach and we expect the bearish sentiment to continue. The heavy sell down on 12 March 2019 indicates sellers are heavily in control. 7.17/7.09 will be the next support level, should buyers failed to support the mentioned levels, we can see price revisit 6.86.
Trade Set-up:
EP: 7.32
SL: 7.60
TP: 6.86
Best Regards,
Nour Capital - Tracking Smart Money Flow
Disclaimer:
The material (whether or not it states any opinions) is for educational purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by Nour Capital or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Trade Set-up:
EP: 7.32
SL: 7.60
TP: 6.86
Best Regards,
Nour Capital - Tracking Smart Money Flow
Disclaimer:
The material (whether or not it states any opinions) is for educational purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by Nour Capital or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
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