CAD/SGD
Long
Updated

CADSGD - On good support

47
LONG - CADSGD
SL: 1.02185 (Suggested by our algorithmic system)
TP: 1.03394 (Suggested by our algorithmic system)

Reasons behind this idea:

1. Price is on multiple support levels

2. Stochastic showing bullish crossover on oversold level

3. RSI bullish divergence and close to oversold.


---------- Chart Drawings ----------

Blue Dotted Line: Broken Support Trendline
Red Dotted Line: Broken Resistance Trendline
Blue Solid Line: Support Trendline
Red Solid Line: Resistance Trendline
Blue Rectangle Box: Support Level
Red Rectangle Box: Resistance Level
Blue Arrow Line: Bullish Divergence
Red Arrow Line: Bearish Divergence
Purple Vertical Line: Suggested Stoploss by our algorithmic system
Green Vertical Line: Suggested Stoploss by our algorithmic system

Trade idea from our mobile app: ibb.co/f4KbGQn (Timestamp is in Australian Sydney Time UTC+7)

Please trade responsibly and good luck!
Trade closed manually
Our app has closed this trade at 1.02973 for a 95.5% profit

Screenshot: ibb.co/MDjmS5n

Please ensure you have adjusted your Stop Loss to lock in profits.
Trade closed: target reached

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.