🔸Hello traders, let's review the D1 chart for USDSGD today. Trading
near premium prices of the multiweek range, closing in on heavy S/R
Currently risk/reward is shifting in bears favor, so it's recommended
to look for sell side setups in USDSGD.
🔸Heavy overhead mirror S/R zone at 3520/3540 expecting reversal
from overhead resistance. current bid is 3510 so final push required
before we can get a decent entry on sell side.
🔸Recommended strategy for USDSGD traders: focus on short selling any rips/rallies near MS/R 3520/3540 price is currently trading near premium levels and is almost maxed out already, limited upside. TP1 bears +150 TP2 bears +300 pips final exit 3220 keep in mind this is a swing trade setup so naturally will take more time to complete / hit both targets. good luck traders!
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