USD/SGD bearish divergence

٢٩ سبتمبر ٢٠١٥

USD/SGD exhibits signs of bearish oscillator divergence as confirmed between price action and the Stochastic and RSI indicators. Price closes the day with a high test bar below a level where resistance is present.

entry - below low of high test bar
stop loss - above high of high test bar
target - previous low