USDSGD - LONG TRADE FOR HUGE PROFITSymbol - USDSGD
USDSGD is currently trading at 1.3150
I'm seeing a trading opportunity on buy side.
Buying USDSGD pair at 1.3150
I will be adding more if 1.3080 comes & will hold with SL 1.3030
Targets I'm expecting are 1.3385 - 1.3560
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Usdsgdanalysis
💡Don't miss the great buy opportunity in USDSGD
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.33851).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDSGD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 74.
Take Profits:
TP1= @ 1.34828
TP2= @ 1.35317
TP3= @ 1.35762
TP4= @ 1.36323
TP5= @ 1.36743
SL= Break below S2
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USDSGD multi frame analysis. Possible upmove.Hello Trader, Here is the full analysis of USDSGD :
1) On the 4hr chart we can see it as formed Cypher pattern and possible reversal expected.
2) Price is in a strong support zone and can test this zone for up move and if it respects this zone one can expect up move in the stock .
3) If it breaks the support then wait for the next retracement downside to take short position.
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