Slyshady12

GBPSGD 4HR PROJECTION

Long
OANDA:GBPSGD   GBP/SGD
As We can see from the 4hr structure , a Break and retest to that trend line had occurred last week with strong bullish momentum even from the weekly and daily chart, right now I'm looking for a clean Entry to join the bullish run. Price has two options for optimal trade entries from my perspective. Option A, At 1.86798 support that has been tested and rejected as we can see from the chart so we'll need price to retrace to the 38.2% fibs level with a slight rejection to go long. Option B at 1.86044, where we has a stronger support than the first option, we'll need a 61.8% retracement and a slight rejection from that level before we go long..
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.