Comments: USDSGD just bounce off from daily demand. It was the area where price previously it did a double bottom reversal, followed by retracement and bounce off. It is good is price and overcome the most recent two highs price. The most recent candle shows potential pinbar. However, with all that said, the trend is still down for daily chart. So it would be good to wait for price to remove the 2 x black circle (highs).
Comments: On H4 chart, price seems to suggest potential reversal. It may also be a potential start of further downward movement.
Comments: Closed trade on 3 May 16 for Net Profit of 58USD.
Comments: Potential profit of 190USD (from 27 Apr to 20 May 16: 4 weeks); Trade closed on 28 Apr 16 for net profit of 21USD.
Comments: Further analysis reference to S&P500 Analysis dated 22 Apr 16.
Comments: Watch position size for pairs with USD, NZD, AUD, USD, CAD, JPY, CHF and GBP; put in SL for positions. Watch authority announcement especially (related to USD, JPY and CHF).
Comments: Based on H1 timeframe, rising wedge had broken down. Zooming out to H4 timeframe, potential head and shoulder may be in the midst of formation. It confluence at weekly timeframe supply zone. Overall, bearish bias. Possible course of action: (1) Vertical XSP May 16 210/215 (of minor variation); (2) CFD USD500 or SPX500 for shorting; (3) ES for shorting.
Comments: Net profit USD318.79
Comments: Net Profit of USD74
Comments: Looking to long based on weekly potential double bottom reversal. Awaiting price to react “correctly” at daily timeframe prior to trigger long.