Going long GBP vs SGD

in #finance5 years ago

Screenshot_20191211-112059_MetaTrader 4.jpg
So looking at this weekly chart it looks likely that we will close above the 200sma we've already crossed the 50 sma so this could possibly be a 100 pip long trade if left alone for a week. Traders out there what do you see the RSI is 64.44 which is in overbought territory :
-where would you set a stop loss
-where would you take profit
-where would you enter
-would you be going long or short
Eager to see your perspective on this pair don't wait til its obvious take the gamble let me know your thoughts in the comments. Right now I'm hedged but thinking I want to go long.

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