EUR/SGDShort
EUR/SGD: Exit-Long
The start of a correction is very likely after the completion of a Wave 5 bullish cycle. Weakness and divergence (weekly chart) is setting in just shy of the price projection at 1.6480. Dipping below 1.6190 signals the start of a correction back to 1.5870<>1.5790. Cover longs and/or enter short if your risk appetite allows for it.
Primary trend: neutral
Outlook: completion of impulse wave, negative
Strategy: exit-long, trading short-entry below 1.6190
Support: 1.6190 / 1.5870* / 1.5790
Resistance: 1.6340 / 1.6450
Outlook cancelled/neutralized above 1.6450
Primary trend: neutral
Outlook: completion of impulse wave, negative
Strategy: exit-long, trading short-entry below 1.6190
Support: 1.6190 / 1.5870* / 1.5790
Resistance: 1.6340 / 1.6450
Outlook cancelled/neutralized above 1.6450
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.