14/2/18 – UOB

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Weekly Chart Analysis – Price action on the stock indicates that it is in an overall bull trend ( started in 2009 ), making higher highs and higher lows. Something I spotted was that market tends (high probability) to retrace to the 0.5 area before moving higher.

Current price action indicates a probable retracement more than a continuation of the trend.

 

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Daily Chart Analysis – Differs a lot from the weekly chart, where it shows that price action has recently respected previous structure low (maintaining the trend characteristic). The market still has a leg room to prove the retest, hence an entry now wouldn’t be a wise one.

The ideal entry would be an exhaustion in retracement like the current one, It will provide a better Risk to Reward Ratio.

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2/2/18 – Singtel

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Weekly Chart: Price action on the stock seems to be trading in a consolidation range with an up build of a bearish character. If the market breaks 2016’s structure low, it would have completed a bearish trend requirement. Thus, increasing the probability of Singtel’s share price to drop even lower. What the possibility of that??

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Daily Chart – It seems that there’s a great probability of such happening, as price action has recently just broken previous structure low ~ forming a bearish trend. If you’re planning to long this stock, It would only be wise to be in when a retracement happens. I’d think Singtel has a high probability to┬ábe trading around 2013 price level.

 

2/02/18 GBPJPY

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Weekly Analysis – The market pair was initially trading in with a bearish momentum ( lower higher and lower low) till late 2016. As price action did not break previous structure low, it signifies a strong bullish possibility.

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Daily Analysis – Knowing that all trades have to be aligned with the bigger time frame, I waited for the┬ámarket to break key level and retrace ( for better risk/reward ratio) and entered on a smaller time frame. This has brought me a trade with a 1 : 4.64 RR.

Side note: I might exit and not trade my trade once market hit my target.