FullTimeTrader

USDSGD-continuing the downtrend

Short
FX_IDC:USDSGD   DOLLAR AMÉRICAIN / DOLLAR DE SINGAPOUR
14
Hello, after forming the first lower low this pair is oficially on downtrend. I think the last upside move is just a correction and price should continue the downtrend long term.

We can use this setup to enter short, we have:

- EMA 55 as resistance
- round level 1.400 as resistance
- convergence divergence combination (not shown)
- previous wave 4 as resistance.

Use your prefered trade management system
Best regards.

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