BACapitalManagement

Looking for reasons to short USDSGD for month of May

Short
OANDA:USDSGD   U.S. Dollar / Singapore Dollar
Price moved into a previous support, now turned resistance. I'll be looking for short signals on the daily time frame.
Comment:

A bearish engulfing-like candle posted today on the daily time frame. This could mark the beginning of a monthly down trend.
Comment:

I'll be keeping an eye on these fib levels for signals on the lower time frames for possible entries.
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