TheBulltrader

USD/SGD huge resistance zone

Short
OANDA:USDSGD   Dollaro / Dollaro Singapore
Went short yesterday and added to my position. The currency has now gone below the 200 and 50 moving average on the 15 minute chart. This IS a BIG zone and right now the Risk to Rewards is nearly 2x reward. Initial take profit area is at .382 fibbonnaci at 1.373 but overall I am looking for near 50% retracement at 1.3630. With potential double top, I see this as higher probability trade on the daily and weekly timeframe.
Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.