Usd/Sgd – Buyers Targeting Potential 165 Pips|Influencer Forex Analysis•Jasper Njuguna

Market speculators are really bullish on this pair as they target a potential of a hundred and sixty five pips trade as market structure is confirming bullish sentiment as we view an inner W pattern formation inside a larger W pattern formation.

The last wave of the larger W pattern formation is what buyers will be targeting to ride along the trend as they target the price handle level of 1.37840 as ideal profit target point line.

A good trade idea and setup for market speculators would be around the price handle range of 1.362 as limit order price and a stop loss at 1.360

4 hour chart;

Of course, ones discretion and risk management is advised.

Jasper Njuguna is a self-taught discretionary financial markets trader. With cumulative 5 years experience trading the markets and out of which, one and a half years of that as a prop trader, trading large and mid-cap American equities at one of the DAY TRADE THE WORLD offices.

Prior to switching career interest to trading, I have 9 years of experience in senior management roles driving small to large business development and B2B relations in creating and implementing; learning & development solutions, programs, organizational strategies & frameworks, and blended learning approaches for companies and institutions in Africa