USD/SGD Long Idea @ previous support

88
USD/SGD Long Idea

Current Level 1.30680
TP Level 1.33350 (2%) 50% fib retracement level
SL Level 1.30227 (-0.40%)

Hovering around previous support levels which has held since 2015. Area has been tested multiple times on the daily/weekly chart.
SL is fairly tight, if it breaks through it could keep falling.
Long term target is 1.34000

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.