On this market watch, we are giving you a head up on a USDSGD.
On the weekly USDSGD chart, we can see that the pair is heading up to an upper channel 1.3545 level for an upside continuation and a test of 200 SMA 1.3630 level.
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We have used the top-down trading analysis to get to this trade entry and a daily price action is offering us a good risk to reward. You can go long entry on today’s candle with the SL below the 1.3420 level targeting the 1.3700 level.
Happy trading! (click on the chart to enlarge it)
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Through time we have developed a very respectable trading strategy which defines Entry, Stop Loss and Take Profit levels with high accuracy and allows you to make position Risk Free. We are publishing 5-10 trade alerts per week via real-time Private twitter feed!