USDSGD short trade ideaPlan : wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
USDSGX trade ideas
4H USD/SGD LONGOn the Monthly chart, we have a movement from the bottom support zone to the mid-range support zone.
Weekly chart we have clear successive upward impulses and now we have exhaustion down to a daily and 4H buy zone.
4H chart I see a bullish channel and a bounce off of the 4H and daily support zones for a long opportunity.
USDSGD, SellDisclaimer!!! the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
every trade must comply with money management, and the risk does not exceed 2% of the capital.
___________________________________________________________________________________________________________________________________________
Thank you for your support ;)
Jonny
USDSGD, Sell On H4Disclaimer!!! the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
every trade must comply with money management, and the risk does not exceed 2% of the capital.
___________________________________________________________________________________________________________________________________________
Thank you for your support ;)
Jonny