Hey guys! I have an interesting setup here $SINGAPORE AIRLINES LTD(C6L.SI)$
On the H4, with prices moving within an ascending channel and bouncing off the ichimoku indicator, we have a bullish bias that price will rise from buy entry at 5.42 where the pullback support is to the take profit at 5.50 in line with swing high resistance and 61.8% fibonacci projection. Alternatively, price could break entry structure and drop to stop loss at 5.33 where the pullback support, 38.2% fibonacci retracement and 100% fibonacci projection are.
Entry: 5.42[Smile]
Take profit: 5.50[Miser]
Stop Loss: 5.33[Cry]
$SIA 5xShortSG240306(DRBW.SI)$
$SIA 5xLongSG230713(DTGW.SI)$
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