Risk: 5 pips
Reward: 90-122pips minimum
3 possible buy entries,
2 aggressive entries for traders with high risk tolerance
My personal preference is to place a limit order @ the low (1.3531) to minimise risk
Comment: The setup becomes invalid if price breaks 1.36245
1.364 supprt zone.
tg - 1.3778
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your...
. While the price is above the support 1.3430, beginning of uptrend is expected.
. We make sure when the resistance at 1.3754 breaks.
. If the support at 1.3430 is broken, the short-term forecast -beginning of uptrend- will be invalid.
. The RSI downtrend #1 is broken, so the probability of beginning of uptrend is...
. There is a possibility of temporary retracement to suggested support line (1.367). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. USDSGD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance....