EURSGD – Forex trade a possible 800 pips in play?
I like to trade with the trend. I like to trade big pattern too.
With strong singapore economy, will we have a strong Singapore dollar then?
Singapore’s economy unexpectedly expands as outlook improves http://t.co/othyxB1afK
— Bloomberg News (@BloombergNews) August 12, 2014
Let’s look at EURSGD then….
Monthly chart big picture planning shows 1234
On month price movement, a strong support has been broken
Below chart shows resistance with a strong resistance indicating 800 pips away from current price
Below chart maps 1234 in daily chart, with F6 and ED channel
I want to be conservative at the moment, although I’m thinking whether that 800 pips can be possible.
#tflow #forex #trade wk33/1 $eursgd below 16690 has S 16650 and with a view of 15850