EUR/SGD Analysis, Chart, and Trading Idea

Analytics for EUR/SGD Forex pair, based on complex analysis of modified waves, Fibonacci levels and price channels

The trend is ascending. The Forex pair is traded in the range between 365 and 135 ЕМА. There is a bearish divergence on the Awesome Oscillator,  and the Stochastic Oscillator signals the overbought status. The descending wave structures are truncated.

Trading idea:

By when the ascending wave pattern is formed, when wave A breaches the inclined channel of the descending truncated structure

Stop Loss: 1.4317

Target price levels: 1.4420; 1.4500