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AUD/SGD

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AUDSGD bounced from support, potential for a further rise! AUDSGD bounced off 0.93027 where it could potentially rise further to 0.93964. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Long
by Pepperstone
What Im seeing on AUDSGD!Gooday Traders! From the daily Time Frame, price has been in a 12 month old descending channel. Last week price broke out upward from a descending triangle. Currently, price is making a correction of that bullish impulse wave with a flag pattern, inner descending channel or what ever your nomenclature might be. On H4 im looking forward to pulling my trigger for a long "if" price does respects the pattern being played out. Till then all im doing is waiting as this is what im seeing. Remember that proper risk management is vital. Do well to follow, like and comment.
Long
by TrendlineGod