I closed a deal with 235 pips of profit. I did it because I currently in Italy and it's too hard to work and travel in this beautiful country at the same time. I pick traveling))) But what about USD/SGD. Currency rate at powerful uptrend. If you have an open position you can close part of it and hold another part. As for me, I will wait for PullBeak 1.3489 it...
Here I have identified an opportunity to take a short position on the USD SGD currency pair, the economic data being released for the Singapore Dollar this evening should be enough for a minor bearish run for the overall USD vs SGD pair. I will be taking a similar approach to what is descried in the attached image
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!
Break down through the bottom of the wedge. This is a higher time frame than my usual trades; not 100% conviction on the shape of the wedge. Moving averages are clumped and range has recently tightened.