Trading without "bigger pic" like trading inside maze without waze..
When that volume arrives i hope youll be ready Im hoping for a spring...but they may not need to
Did the chart just signal the change in Malaysia government before it even happened? Just for fun :) Perhaps we can use the chart to forecast the next election result in Singapore too!
Malaysia raises key rate for the first time since 2014. Coupled with a hawkish tone from Bank Negara Malaysia, we are likely to see the Malaysia Ringgit continue strengthening against the Singapore Dollar. Price has broken the inner trend line structure at 3.0759 late 2017. This opens up more downside potential for SGD/MYR. However, we are seeing a 5-wave...
Terminal shakeout complete 50% pullback (64.75 needed) from the high volume week of 23/3/17 $1.295 Should be ideally free from retail holders now. Huge upside potential
hmmmm..... for Singapore and Malaysia fellow, look carefully for the price action near the trendline good luck!
A quick update on MYR. USD start to rally despite no rate hiking in Sept. Technically MYR have moved out from consolidate zone, and start depreciate further against USD. I foresee a slight and quick pull back on USDMYR, and then continue to rally. Next target of resistance will be around 4.2. To breakout from uptrend channel, USDMYR need to fall below 4.05 to form...