AUD/SGD continues to trade within a well-defined upward channel on the Daily timeframe, with the 50-day EMA acting as reliable dynamic support. The pair is currently retracing from the upper region of the channel, showing signs of short-term exhaustion. RSI has eased from recent highs, indicating a controlled pullback rather than a change in trend.
My preferred approach is to wait for the price to return toward the lower boundary of the channel or the 50 EMA. A bullish reaction from either area, supported by the RSI turning upward, would offer a higher-probability long setup. Once the Daily conditions align, the 4H chart becomes the execution layer, where a break in short-term structure or a higher low can provide a clear entry trigger.
For traders willing to take a more aggressive position, a short-term sell from current levels is possible if the price remains near the upper end of the channel and momentum continues to fade. This would be a countertrend trade aimed at capturing the pullback towards the lower half of the channel or the 50 EMA, with tighter risk management due to its lower probability.
Overall, the broader bias remains bullish, with the most favourable long entries forming when the market completes this retracement and resumes its upward trajectory.
Author of the bestseller 'Start Trading Smart' | Founder - Tradewisenet Academy Pvt. Ltd.| Tradewisenet.com
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Author of the bestseller 'Start Trading Smart' | Founder - Tradewisenet Academy Pvt. Ltd.| Tradewisenet.com
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.