I expect DXY to get stronger. If it will happen Usd pairs should move up including this one.
Usd/Sgd has currently been testing falling trendline from 2021 and 2024 and under
current price at 1.275 there is a FVG, seen on 4h chart. This point is good for entry.
For TP look for unfilled FVG up at 1.325 area. For SL 1.2700 area and under.
For this trade to work DXY must show that it's able to move and stay higher. Usd is stil weak
and nobody knows if it's at bottom or it may reverse from here in upcoming days. If it will
reverse there is high probability that it will reverse strongly. There is lot of fear in market
right now around Usd and fear often tells you that bottom is close or in and with that reversals.
Usd/Sgd has currently been testing falling trendline from 2021 and 2024 and under
current price at 1.275 there is a FVG, seen on 4h chart. This point is good for entry.
For TP look for unfilled FVG up at 1.325 area. For SL 1.2700 area and under.
For this trade to work DXY must show that it's able to move and stay higher. Usd is stil weak
and nobody knows if it's at bottom or it may reverse from here in upcoming days. If it will
reverse there is high probability that it will reverse strongly. There is lot of fear in market
right now around Usd and fear often tells you that bottom is close or in and with that reversals.
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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.
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.