Panjang
USDSGD: I am Long for the long-term
Update: First Target Hit
Stop loss moved to break even
All targets reached
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I just initiated a long term long position.
If you're looking for a longer term position trade, this might be a good choice to speculate on. The pair has been in a major consolidation phase within the past few years, that kind of action usually precedes major long term trend shifts. The price may have broken out recently, and could be just the start of something much bigger.
The fundamentals support this view, as markets continue love the U.S. dollar, the out-performance of the U.S. economy and potential reversal in the monetary policy cycle could be the main catalyst for this trade.
Best of Luck , join me at twitter.com/thefxchannel
Also at my Facebook page thefxchannel.com
My best regards,
Technician
Stop loss moved to break even
All targets reached
----------------------------------------------------------------------------------------------------------------------------------
I just initiated a long term long position.
If you're looking for a longer term position trade, this might be a good choice to speculate on. The pair has been in a major consolidation phase within the past few years, that kind of action usually precedes major long term trend shifts. The price may have broken out recently, and could be just the start of something much bigger.
The fundamentals support this view, as markets continue love the U.S. dollar, the out-performance of the U.S. economy and potential reversal in the monetary policy cycle could be the main catalyst for this trade.
Best of Luck , join me at twitter.com/thefxchannel
Also at my Facebook page thefxchannel.com
My best regards,
Technician
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.