Looks like buyer are back in after we see and inverted bullish hammer followed by a bullish engulfing candle form on the 1 hour chart on the GBPSGD. This is also a daily support level and price printed a pin bar rejection candle at support as well on the 4 hour chart. I will be targeting previous daily resistance for a 1:2.5 trade.
Trade closed: target reached
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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.