FullTimeTrader

USDSGD-another bearish crab is waiting

Short
FX_IDC:USDSGD   U.S. Dollar / Singapore Dollar
7
Long term im very bearish on this pair but its tricky to find an entry point.
The structure here is very similar to the USDCAD.
We have another bearish crab near completion at key level:

- monthly ema 200 level (see below)
- near round level 1.45000
- bearish divergence on AO

You can enter now or wait for the crab to complete, it depends on each trader (dont ask me)

Happy weekend.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.