7% discount for USDSGD

The USDSGD has peaked on 13th March at 1.46 and has since tumbled down 7% to a low of 1.356 on 1 Sept 20. It has just broke out from the bearish trend line and I believe this is a great opportunity to go long once more and ride it to 1.40 and then 1.42.

You can see the risk is pretty low as if the market moves against us by returning the price back to either the bearish trend line or worse, below the weekly bullish trend line (taking 1 Sept 1.356 as guide)

See you at 1.40 later ,guys !