#USDSGD is prime for a reversal

FX_IDC:USDSGD   美元 / 新加坡幣
232 8
In mid April, I had posted here about further price decline on the pair and could test the 1.38 level. Now we have seen the price breaking below that level and it is a good time to enter for the upside move. Any downward price movement from here is going to be limited considering the take-profit target at 1.421.

Trade outlook: 30-60 days
Ramesh aka Surefire Trader, is the author of his new book "Trade Forex with Confidence"
to guide readers how to build a profitable trading system using the 10/20/30 Rule.
Hi. Do you think it will hit 1.36 at this stage?
@atys, I doubt it would break to the downside that low after we saw 1.39 tested. This retracement is very similar in structure to CADJPY during mid May where it pulled back strongly and then it continued the move up to break above 86. In my opinion, this pullback is opportunity to enter.
atys SureFire_Trader
@SureFire_Trader, It appears to be grinding towards the year low though. Have been eyeing 61.8 FIB (Jun 2016) and Jul 2014 trend line. Thanks.
hi. is it ok to buy now or shall I wait more to 1.36
@javid1988, if you could get the opportunity to enter at 1.36, that will be great and seize it. I had my first entry at 1.38 and have have appropriate stop level for the 400pip move. Price bounced off 1.37 and could retest 1.37 again. However if we see price break above 1.382 within this week or next, then 1.36 could be a long stretch.
javid1988 SureFire_Trader
@SureFire_Trader, thank you so much
@javid1988, No prob. FYI, we are seeing break to the upside right now with strong impulse. Not certain whether we'll get to see 1.37 again. Good luck:)
+1 回覆
javid1988 SureFire_Trader
@SureFire_Trader, right. thanks
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
個人資料 個人資料設定 帳戶和帳單 我的客服工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出