USDSGD - Long Term Buy
Updated
Setup: Weekly uptrend formed, price has retraced to the W1 38.2 fib level and expected to continue the trend to the upside. On a daily perspective, price has made a good impulse to the upside breaking above the strong and important 1.385 resistance now turned support level.
Trade: We take a long entry at the daily retracement to the broken level mentioned above (1.3850/1.3865 area), setting SL a few pips under the last H4 low and H4 61.8 fib level, while setting our TP on the weekly time frame at the anticipated new high around 1.4180
Trade: We take a long entry at the daily retracement to the broken level mentioned above (1.3850/1.3865 area), setting SL a few pips under the last H4 low and H4 61.8 fib level, while setting our TP on the weekly time frame at the anticipated new high around 1.4180
Order cancelled
Entry was not triggered. Price eventually hit TP
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