Short it safe??I am still bearish on this pairs BUT don't forget that much is going! Big news today and the Election in the US next week.
You have to be careful taking your decisions, for me i am trading small position for now till after things get more clear.
Like if you agree, follow and support please!
Usdsgdshort
USDSGD - Selling pressure is still ON!Reason2Enter:
Mid Term - USDSGD on selling pressure Since February 16.
Overall bias MT is still downwards. However price met strong buying pressure @ 1.3422 that cant seem to penetrate through just yet.
Trade idea: Sell when price hit obvious Resistance level @ 1.3700 area, Intraday, 5min, 1hr, 4hr.
Stop loss 50 - 100pips depends on your TF.
Take profit around 1.3572 for a 2-3R trade.
If Price shoot past my SL, look to sell @ 1.3850 area.