GBPSGD STANDBY 03/08/20

3. Aug. 2020

Nobody can predict where the price will go from here. so it is not worth trading. until everything starts to make sense again. If it goes up (1) to the top it will be an easy sell, if it moves down due to the strong uptrend we can look buys when stochastic hits oversold (4). If it stays in a correction long enough this will confirm one more big push to the upside (3). The other option is to look for setups on a lower time frame and try to get in any direction without stoploss (hedging). In this case positions sizes must be kept small to avoid getting into an emotional trap. In this case if a position is triggered the take profit should be as far as possible.