USD/SGD Trading Analysis (09/06/2023)
The trend is ascending. The downward wave structures are truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
Trading idea:
Buy at the formation of the ascending wave structure, where the A wave breaches the sloping channel of the downward truncated structure.
Stop-Loss under the local minimum of the downward structure: 1.3422.
Target price levels: 1.3526, 1.3550.
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