GBP/SGD part 2: 4hr

14 Jun 2018

You see the price action and the channel. All the pound pairs broke levels and hit levels, then made what looks to be diagonal flags. You may be trading into a correction so understand that. As far as take profit, this is kind of a hard one to explain, but if you did catch a buy, might want to let some run just in case to see what it does. If it were to drop down and break fork, well that would be an even better entry. At this point I don't know that it will. It either completed a diagonal and will push out, or it can keep chopping down in channel, but the pound looks like it wants to correct a hair... But be careful.