On 13 May, I subtly urge my patreon subscribers to exchange SGD for Aussie dollar through their securities trading account. As I felt the odds of history repeating itself were very high especially when market dipped to $0.80 level with an immediate recovery.
Also on 3rd June, I posted about the potential market movement on the Aussie against Singapore dollar. I wrote about how market breaking up the $0.97 mark would signal a clear bullish momentum and how simultaneously market is currently trading in a strong resistance zone, which would probably exhaust some bullish strength.
I’d anticipate market to retrace back to the $0.96 area before finding more bullish momentum towards $1. I’m prepare to exit my position if it trades below $0.92, signalling a false bull strength.
My exit is set at $1 which will bring me a 13% capital gain or at $.92 which will bring me a 3.95% capital gain....