NZD/SGD Trading PlanNZD/SGD Trading Plan
Currency rate made a fake broke of key level 0.9192. D1 close upper it.
For me, it is a signal to open long position with low risk.
Most of the times big players protect such levels because when they made fake broke of the key level. They activate all limit orders of retail traders, for big players it is fuel. If someone wants to buy someones need to sell.
I set Buy Limit at 0.9204
S/L: 0.9164
T/P1: 0.9397
T/P2: 0.9672
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NZDSGD trade ideas
NZDSGD Bullish Bat Day chart Hi All,
Here we have a valid Bat pattern forming on the day chart. Valid due to points all falling within their given ratio:
B:0.382 - 0.50
C:0.386 - 0.886
D:1.618 - 2.618
X-D:0.886
Weekly chart trendline close to the D point so could show a test of that support trendine causing a bounce upwards
Will update daily