TaherJalili

Playing Both Sides Until a Breakout

TaherJalili Updated   
OANDA:EURSGD   EUR/SGD
This market is in severe consolidation mode after forming a solid trend higher.

Whilst a breakout with the longer term trend would be favorable for longer term traders, for shorter term traders there are other opportunities.

Price is trading within a clear-cut range.

Whilst we do not want to get caught trading within the middle of the range and chop, trades can be found from the range highs and lows (support and resistance).
Comment:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.