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PMTradeALot
Sep 15, 2018 2:53 AM

USDSGD 

USD/SGDOANDA

Description

double top + retest of neckline + 50% fib. Everything will depend on DXY . Will it reject resistance or continue his bull run? I would prefer the pair to break the ascending daily trendline before I even think about shorting it. If it breaks resistance and retest it, I would look for a buy. Again, Everything will depend on DXY

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Daily chart

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weekly chart
Red line is a strong zone, lets see which way it will go

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break of trendline and orange zone would be a good short signal

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broke counter trend line and kept pushing down. That was an easy entry and trade
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