Similar structure to the AUDSGD trade idea I just published, but I have a few more points to add here.
- I was originally short this pair.
- I attempted to make another attempt to enter short and ended up taking out a loss.
- Since price broke to the upside of this range, my directional bias has changed from bearish to bullish.
- Momentum picked up nearing last Friday's close and the moving average crossover is an indication of potential price acceleration for the week ahead.
