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buy USDSGD dip at 1.3950:stop updated

By mike on March 3, 2010

http://www.forexnaija.com/?page_id=562

This pair have been trading short as we anticipated leg C to D due to bearish crown on 4hr TF. presently, price is anticipated to dip till 1.3950 as bullish gartley will give entry with the following convergence

1. AB=CD(good price symmetry)

2. XA=78.6

3.AB=1.618CD

4. Trendline rejection

entry: 1.3950

stop:1.3900

move stop to break even when price hit 1.4000

t1=1.4050

t2=1.4300

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mike

My name is Fowope A. Mike, a mathematician and teacher, who has worked in one of the leading banks in Nigeria for 8 years. I started trading the Forex two and half years ago. I am a chartist, who vehemently believes in 'Trading what you see on the chart'. My trading concept is looking for convergences at important levels. I employ harmonic patterns, multi time frame analysis, trendlines and fibonacci retracements as my trading tools. I am a contributing editor for currency market column of stock watch magazine in Nigeria.

4 responses to “buy USDSGD dip at 1.3950:stop updated”

  1. Another confirmation for usdsgd rally from 1.3950
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    March 10, 2010 at 1:07 pm |

    [...] http://www.forexnaija.com/?p=615 [...]

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    March 22, 2010 at 11:04 am |

    [...] buy USDSGD dip at 1.3950:stop updated Closed Trades [...]

  3. +95pips secured on USDSGD
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    March 22, 2010 at 6:06 pm |

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  4. REVERSAL ON USDSGD?
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