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amanpaulbhogal
Sep 29, 2015 11:05 PM

USD/SGD bearish divergence Short

U.S. DOLLAR / SINGAPORE DOLLARICE

Description

USD/SGD exhibits signs of bearish oscillator divergence as confirmed between price action and the Stochastic and RSI indicators. Price closes the day with a high test bar below a level where resistance is present.

entry - below low of high test bar
stop loss - above high of high test bar
target - previous low
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