Most of the markets showing signs of a slow down as we head in towards the Christmas holiday period. Volatility can still remain right up until the last week of trading, then the market takes pause until mid Jan.
The USDSGD has been a hot topic of discussion for War Room traders. The uptrend here is very strong and well organized.
Last week the market corrected back into a hot spot, where we seen a bullish response. An Indecision Candle, followed by an Inside/Bullish Rejection day formed – suggesting further moves higher are likely.
If the market manages to break the signal highs next week, we could see the next extension of this uptrend.
DWIJEN BHOWMIK
Forex and stock price action trading setup are same?