vlad.adrian
Short

USDSGD - Weekly and daily downtrend

FX_IDC:USDSGD   US DOLLAR / SINGAPORE DOLLAR
30 4 2
This pair has been in a downtrend for a few months. I am looking for the major support at 1.31500 to get tested.
Yahia.Awes
7 months ago
Will you ignore the weekly bullish div?
Reply
vlad.adrian PRO Yahia.Awes
7 months ago
What bullish divergence?
Reply
Yahia.Awes vlad.adrian
7 months ago
Last week we had a hammer, and the price didn't touch the lower part of the hammer this week. Which is for me a sign of bullish power. The macd has a lower low and the price is higher low in the weekly.
Reply
vlad.adrian PRO Yahia.Awes
7 months ago
Well I do not share the same view regarding bullish power, I trade a trend until it is not a trend anymore, that obviously means I will sometimes trade exactly when the trend changes. About the MACD ticking up, that is not a divergence, it is just slowing momentum. In other words, the rate of change of price is slowing down. So yes, I am going to ignore all that and go with the flow, it's just not the type of information that would keep me from trading a trend. Of course, I might be wrong, but this is betting, not accurate science :)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out