I trade according to the direction I deduced from the D1 chart. I am cautiously bearish USDSGD. I will short if there would be a short signal at the bull trap levels I have marked on the charts.
If price breaks and close well above the P3 high (Monday high), then I will be looking for a retest at that level for a Long position and target at the 38.2% retracement level (from D1).
If price breaks and close well above the P3 high (Monday high), then I will be looking for a retest at that level for a Long position and target at the 38.2% retracement level (from D1).
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