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arcofx

USDSGD-Potential counter-trend opportunity (WK BULLISH PINBAR)

Long
U.S. Dollar / Singapore Dollar (OANDA:USDSGD)  
arcofx Updated   
OANDA:USDSGD   U.S. Dollar / Singapore Dollar
USDSGD
3
0
usdsgd
Price reached a support level + weekly demand zone. Produced 2 inside day candles right at the trendline. Wait for the market to give its call. Going long on it's pullback.
Comment:
Modified trendline. Price has already breached trendline, now has pulled back . wait a few days more.
Trade active
Comment:
Market has produced a bullish engulfing pattern yesterday, increasing odds for long. trade has reach 1:1 RR, now waiting for it to reach 1:2 RR to breakeven.
Comment:
Moved SL to breakeven after price has moved 1:2 of my trade
Comment:
Price is 20 pips away from target. If it hits the target, i'll be halfway towards monthly goal.
Trade closed: target reached:
Very good trade.

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