ProfessorGenki
Short

Sluggish Rise to Fall. EURSGD Short Idea.

OANDA:EURSGD   EUR/SGD
Price has reached Strong Resistance level which is also, on weekly perspective, a Fibo 38,2 (Swing Low to Swing High). Prices have been kind of sluggish lately and has a bullish tendency. For now i am waiting for a tiny Pullback to that "Red Box" with short bias. Depending on Price Action and result of retest i'll short or leave EURSGD . Stop Loss above previous High and Take Profit on the "Anticipated Daily Fibo 50,0" which is also a key support level (Could be coincidence). GL.
Trade closed: stop reached

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