$GBP:SGD

Screen Shot 2016-07-26 at 2.13.24 pm

I normally don’t trade FX, but interesting development in GBPSGD.  A triangle is forming & resolution will appear soon. Will trade the breakout or down out of the triangle, so lets wait for price confirmation to tell us what to do.

A triangle basically means a directionless trend, so no point trading until a clearer direction is set outside of it.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s