NZD/SGD Trading Plan

NZD/SGD Trading Plan

Currency rate made a fake broke of key level 0.9192. D1 close upper it.
For me, it is a signal to open long position with low risk.

Most of the times big players protect such levels because when they made fake broke of the key level. They activate all limit orders of retail traders, for big players it is fuel. If someone wants to buy someones need to sell.

I set Buy Limit at 0.9204
S/L: 0.9164
T/P1: 0.9397
T/P2: 0.9672

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Comment:

The Price moved up 65 pips