luke1827
Long

(WON) LONG USD/SGD | .50 FIB LEVEL HIT | LOOKING TO RETEST HIGHS

FX_IDC:USDSGD   US DOLLAR / SINGAPORE DOLLAR
16 4 0
Fellow Traders,

I see the USDSGD             pair bouncing off a .50 retracement level and I am looking for a retest of previous highs. Also, bullish divergence spotted.

Entry: 1.32477
SL: 1.31403
TP: 1.3749

CLOSE @ 1.33225

I suggest risking no more than 1% per trade by adjusting your position size accordingly.

Luke

Check out my performance record of all published trades on TradingView: http://tinyurl.com/klkd2vr
Taking profit and closing trade now @ 1.33225
Reply
Will re-enter if prices break above previous high
Reply
Closed trade due to the price action meeting down-sloping resistance as shown

snapshot
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Apologies. My daily chart did not post. This is the impetus for the trade.

snapshot
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