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USD/SGD currency pair trading idea and chart

06.10.2022

Market Review

The trend is ascending. The currency pair is trading in the 365 and 135 EMA range. The descending wave patterns are truncated. Awesome Oscillator indicator shows bullish divergence.

Trading idea:

Buy on the formation of an ascending wave structure where wave (A) breaks through the 2 wave C pivot (1.42395).

Stop Loss: 1.4197.

Target levels: 1.4364; 1.4480.

Author: GC
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