You would have made 36.6pips on this pair alone this week!
Just a follow up and closing to my thread on USDSGD.
Basically everything is on the chart.
I called for a position to go long up to 1.334 in my first post with a stop loss at 1.301. I am revising that stand to go neutral for now because we have met with a nice resistance at the 55EMA as expected. Until further confirmation of an uptrend, i would not enter into this pair. We have to keep in mind that the overall long term position is still a downtrend for now.
Follow if you liked my analysis!
Again, DYOD!
Basically everything is on the chart.
I called for a position to go long up to 1.334 in my first post with a stop loss at 1.301. I am revising that stand to go neutral for now because we have met with a nice resistance at the 55EMA as expected. Until further confirmation of an uptrend, i would not enter into this pair. We have to keep in mind that the overall long term position is still a downtrend for now.
Follow if you liked my analysis!
Again, DYOD!