Hey guys! I have a setup here $SINGAPORE AIRLINES LTD(C6L.SI)$
On the H4, with prices breaking out of the ascending channel and moving below the ichimoku indicator, we have a bearish bias that price will drop from sell entry at 5.33 where the pullback support is to the take profit at 5.15 where the pullback support, 78.6% fibonacci projection and 161.8% fibonacci extension are. Alternatively, price could break entry structure and rise to stop loss at 5.42 where the pullback resistance, 61.8% fibonacci retracement and 61.8% fibonacci projection are.
Entry: 5.33 [Smile]
Take Profit: 5.15 [Miser]
Stop Loss: 5.42 [Cry]
$SIA 5xShortSG240306(DRBW.SI)$
$SIA 5xLongSG230713(DTGW.SI)$
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