AUD/SGD Long
2020-01-23 23:41:08
Daily - Strong historical support not broken, currently resting on downtrend resistance turned support. MACD divergence on lower low.
4Hour - Although quite small, double bottom with MACD divergence, price shot up and retraced to double bottom neckline, could be possible support. Also price retraced to fibs 61.8%. It's possible to draw a downtrend line on the 4H chart, but with the MACD divergences, it could mean that the downtrend is coming to an end and price may shoot up even further.