See daily chart of SGDCHF below for the discussion that follows.
SGDCHF is showing indecision in the form of 2 doji – like candles at a resistance area. If I can get a better entry… like price retracing part of the upper wicks of those 2 candles, or if I get confirmation that price wants to go lower… I will look to go short.
Remember, always have your own trading plan and never follow other people blindly. Always know where you will be proven wrong on any trade and have stops in place. Stick to your stops and never bet the farm.
On Ideas: Please don’t take this as trading advise. Please do your own due diligence before entering any trade. Also see Disclaimers.
Thanks for reading.