Trading
#02 Buying SGD
By FinancialVeracity  •  May 10, 2017

Spotted the best pair to long the SGD.

SGDJPY weekly chart showed that the Sing dollar have lose its bearish momentum when it manages to break out of APR’s high and 1 year channel. In order to enter with a low risk, small-time frame was chosen to hedge my entry.

On the Daily time frame, I have noticed that market has a strong key area that market has a high tendency to respect it. In order to increase my winning probability, I have decided to wait for market reaction out of that area.

Waited for a consolidation action to appear on a smaller time frame before entering as required for a market directional move.

As market dips back into the key area it triggered my bull limit order which has put me into a 1:3 RR trade. As I have been really busy this week, I was lucky enough to take ...

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By FinancialVeracity
24 and on a constant lookout to improve my financial literacy in order to achieve “Financial Independence”. The sole purpose of writing this blog is to give whatever little financial knowledge I have to everyone.
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