TradingView
WicktatorFX
Oct 10, 2023 9:14 PM

USDSGD - Text Book Reversal! 

USD/SGDOANDA

Description

USDSGD has recent topped with a beautiful rejection! We had the 50 fibonacci, channel AND an ending diagonal, all indicating a reversal!

Now that we've topped, we can look for any pullbacks to add a position for the massive drop.

Trade idea:
- Watch for pullback
- once pullback appears, look for a trendline break or structure rejection
- Enter with stops above the highs (above 50 fib)
- Targets: 1.305 (700pips), 1.27 (1000pips)

Goodluck and as always, trade safe!
More