FX_IDC:USDSGD US DOLLAR / SINGAPORE DOLLAR
This pair has been in a downtrend for a few months. I am looking for the major support at 1.31500 to get tested.
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 :)