TradingView
TradingShot
Sep 9, 2022 11:34 AM

USDSGD pulling back. Two levels to buy. 

U.S. DOLLAR / SINGAPORE DOLLARICE

Description

The USDSGD pair made a Double Top rejection two days ago and is currently on a strong bearish 1D candle. With the 1D RSI also rejected on a Double Top last since in September 29 2021, the next level to consider entering is just above the 1D MA50 (blue trend-line), which is where the June 16 Bull Flag found Support. A 1D candle close below the 1D MA50, should target the bottom of the long-term Channel, just above the 1D MA200 (orange trend-line), which is where the last two Higher Lows were formed on August 11 2022 and April 14 2022.



--------------------------------------------------------------------------------------------------------

** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **

--------------------------------------------------------------------------------------------------------
Comments
Solldy
A pretty dubious idea. Maybe, the immediate price reaction will make you doubt it as well. Did you analyze the volumes when you wrote the idea?
Vibranium_Capital
to the mooon baby!!!
More