23 June: USDSGD bullish play seen

FOREXCOM:USDSGD   U.S. Dollar / Singapore Dollar
Hi everyone!

USDSGD is pulling back to its ascending trend line , in line with the 78.6% retracement which presents an opportunity to play the bounce here. Our stop loss is placed slightly below the previous low and take profit targets at -27.2% and -61.8% retracement respectively. What are your thoughts on USDSGD?