USD/SGD has shown signal for buy

By Yuriy_Bishko
Updated
USD/SGD Free Signal

Just take a look on this chart. Price bounced from Key Weekly Level, it's are so powerful on FX Market.
At this moment you have a chance to open a deal with R:R — 1:6 or bigger. Because, price come to key buy zone. From which price could move up 300 – 400 pips.

Open Long near: 1.3332
S/L: 1.3298
1T/P: 1.3538
2T/P: 1.3646
Comment
Price still near a key buy level 1.3343. It is good opportunity to open long-term buy.
Stop we should put under key level 1.3310. If the price will break down 1.3310 and D1 close under it, that will be a signal for short.

Daily Chart: snapshot
Trade active
Price moved up first 70 pips. snapshot
Trade active
125 pips done. Price is moving with big strength into our direction

If the price will break up 1.3490 we can move S/L into breakiwen

snapshot
Trade active
Price moved up 175 pips
Trade active
Price moved 250pips into our derection
Trade active
I moved S/L to 1.3440. I hold the position because price bounced from weekly level. Most of the times it gives 400 - 500 pips.

In this situation, my strategy is to shift my S/L up after the price.
Trade closed manually
Closed manually at 1.35807

235 pips of profit
Beyond Technical AnalysisbeyondtechnicalanalysisChart PatternsfreesignalsTechnical AnalysisTrend AnalysisUSDSGDusdsgdanalysisusdsgdbuyusdsgdforecastusdsgdlongusdsgdlongtermview
Yuriy_Bishko
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