SGD on higher TF is bullish, on the weekly price has broke above a strong level of previous supply with a bullish impulse, which has been followed up by a retracement which is currently testing the 0.382 fibonacci. On lower TF we can see how the trend so far this has been bearish, there is an area of liquidity below this support zone which i would like to see get taken out before i consider opening a long position.
SGD on higher TF is bullish, on the weekly price has broke above a strong level of previous supply with a bullish impulse, which has been followed up by a retracement which is currently testing the 0.382 fibonacci. On lower TF we can see how the trend so far this has been bearish, there is an area of liquidity below this support zone which i would like to see get taken out before i consider opening a long position.