memit

Long GBPSGD Daily/H4

Long
OANDA:GBPSGD   GBP/SGD
This unfortunately contradicts my EURSGD short trade, but this does look like a nice setup long. Big impulsive move up after a long downtrend on the daily and smashed through the resistance line show on the daily which has been respected quite a few times. It looks like its now testing the same line as support on the H4. Could go long if price breaks above the H4 trendline. Plenty of room for 3:1
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.