Long USDSGD

It appears that USDSGD may be setting up for a multi-day bull run.

Last week USDSGD posted a green weekly Heiken Ashi candle and I suspect it may do it again.

It is also the case that USDSGD posted a green daily Heiken Ashi candle after multiple red Heiken Ashi candles on the daily.

This signals to me that we may be in for a bull run this week.

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A view from the weekly time frame.

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A view from the daily time frame using traditional candlesticks.

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I entered this market via market order. Stop is set below the local low on the daily time frame.

Let's see where it goes this week.

Trade wurde manuell geschlossen:

Price made a solid move up. I went ahead and closed this trade out.