SGD possible continuation

Good Afternoon Dynamic Traders

The SGD was mentioned throughout Octobers blogs but has been laying low recently with no real action. The low of mid-October wasn't broken with any real volume and we've seen price continue to range. We now have a potential BOB on the horizon, preferably with the trend for a continuation trade. However trends do at some point come to an end, so we shouldn't have any expectation as to what the market will do, as it could very well bounce up. Price is hovering at a previous resistance level which is now turned support. The 1.38 level also adds to the strength of this support. We can see the daily candles are getting smaller and smaller as price is squeezed between the TL and S.














Analyse the chart and your favourite indicators, check in on HTF's and gather the odds so you're ready to take appropriate action once the market makes its move. In the meantime be patient.

Here's to great trading!
Sonia Molina