Yuriy_Bishko

USD/SGD has shown signal for buy

Long
Yuriy_Bishko Updated   
FX_IDC:USDSGD   U.S. Dollar / Singapore Dollar
USD/SGD Free Signal

Just take a look on this chart. Price bounced from Key Weekly Level, it's are so powerful on FX Market.
At this moment you have a chance to open a deal with R:R — 1:6 or bigger. Because, price come to key buy zone. From which price could move up 300 – 400 pips.

Open Long near: 1.3332
S/L: 1.3298
1T/P: 1.3538
2T/P: 1.3646
Comment:
Price still near a key buy level 1.3343. It is good opportunity to open long-term buy.
Stop we should put under key level 1.3310. If the price will break down 1.3310 and D1 close under it, that will be a signal for short.

Daily Chart:
Trade active:
Price moved up first 70 pips.
Trade active:
125 pips done. Price is moving with big strength into our direction

If the price will break up 1.3490 we can move S/L into breakiwen

Trade active:
Price moved up 175 pips
Trade active:
Price moved 250pips into our derection
Trade active:
I moved S/L to 1.3440. I hold the position because price bounced from weekly level. Most of the times it gives 400 - 500 pips.

In this situation, my strategy is to shift my S/L up after the price.
Trade closed manually:
Closed manually at 1.35807

235 pips of profit

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