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Trueman23
Feb 25, 2018 12:13 PM

Eur Sgd stay or go  

EUR/SGDOANDA

Description

Price broke above this s/r zone to the upside and already retested it from above as you can see.

Iam looking for a short if price can break the zone and gives me a close below .

My target for the short trade would be the rising trendline .

If we arrive at the TL i wil look for:

A) break and further downside move
B) rejection and and a move to the s/r zone to the upside

Long scenario
The s/r zone gives support to the price and pushes it back up again.
I would like to see abreak of the small resistance here before thinking of a long trade in daily chart.
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