shuaicheng
Short

USDSGD - Selling pressure is still ON!

FX_IDC:USDSGD   US DOLLAR / SINGAPORE DOLLAR
Reason2Enter:

Mid Term - USDSGD             on selling pressure Since February 16.
Overall bias MT is still downwards. However price met strong buying pressure @ 1.3422 that cant seem to penetrate through just yet.

Trade idea: Sell when price hit obvious Resistance level @ 1.3700 area, Intraday, 5min, 1hr, 4hr.
Stop loss 50 - 100pips depends on your TF.
Take profit around 1.3572 for a 2-3R trade.

If Price shoot past my SL, look to sell @ 1.3850 area.


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