Open trade at 1.2195; 60,000 position. Tight SL, good R:R. Low tested and rejected for now. Trade the probability, trade safe everyone.
Waiting in the sidelines. First touch of 55 SMA at 1.3200 area to consider LONG entry. Then target of 1.3250 (which is topside of Large Price Quarter).
Let the sellers come in, form a lower low. Then look for a buy. If price suddenly retrace to SMAs, then look to SELL back to this supply level.
I see a good R:R trade. Take this down to the 233SMA. Even getting to 1.1950 level will give a decent R:R
Price has been on the uptrend for many days. Don't expect a big drop. But certain opportunity to go short to capture decent pips with good risk/reward ratio.
Wait for price to come up to SMA, also about 38.2%fib retrace from structure high. Remember wait for the trade to come to you, not u going to the trade. Play the probability.
Look for Sell at the right levels. I think near 233SMA. If not no trade, even if trend continues, there will be another level to enter. Market is very "rangy" right now for EURUSD.
Supply zone coming up. Large price quarter at 1.2750. Downside to the 233SMA
OANDA:USDSGD Further downside possible. With SG monetary policy to allow the SG Dollar to appreciate. No long term trades from this price yet. Let it make its move.