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Trading AUDSGD: Consider Long Entry at Support Level

Long
Australian Dollar / Singapore Dollar (FOREXCOM:AUDSGD)  
AlphaTradingStation  
FOREXCOM:AUDSGD   Australian Dollar / Singapore Dollar
Trend Analysis Support and Resistance AUDSGD fourhourchart downtrend shortposition longentry bottom swingtrading alphatradingstation
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trendanalysis supportandresistance audsgd fourhourchart downtrend shortposition longentry bottom swingtrading alphatradingstation
In the four-hour candlestick chart, AUDSGD is currently trending downwards. It's risky to short now as it has reached the bottom level. Taking a long position at this support level is a better option.

But remember that, this support area is slightly tested.
Long entry: 0.88641
Stop loss: 0.88002
Target: 0.90603

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Alpha Trading Station

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