Hey guys! I have a setup here today $SINGTEL(Z74.SI)$
On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise to the buy entry at 2.68 where the swing high resistance and 61.8% fibonacci projection are. Once there is upside confirmation that price has broken entry structure, we would expect bullish momentum to carry price to take profit at 2.76 in line with swing high resistance and -61.8% fibonacci expansion. Alternatively, price could drop to stop loss at 2.59 where the swing low support is.
Entry: 2.68 [Smile]
Take Profit: 2.76 [Miser]
Stop Loss: 2.59 [Cry]
$Singtel 5xShortSG230713(DKMW.SI)$
$Singtel 5xLongSG231214(DBYW.SI)$
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