I trade according to the direction I deduced from the D1 chart. I am cautiously bearish USDSGD. I will short if there would be a short signal at the bull trap levels I have marked on the charts.
If price breaks and close well above the P3 high (Monday high), then I will be looking for a retest at that level for a Long position and target at the 38.2% retracement level (from D1).
If price breaks and close well above the P3 high (Monday high), then I will be looking for a retest at that level for a Long position and target at the 38.2% retracement level (from D1).
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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.