USD/SGD (H4) pair is undoubtedly in the uptrend. Currently, price stopped near the previous high. Lower intervals shows a dynamic supply reaction.

It is very likely, that today will bring small correction and retracement of last increases. So we should consider buying PUT option, but just in a short-term.

OptionTrade offers 73% return for USD/SGD option. E.g. when you invest 100USD in PUT option (DOWN) and the price will be even slightly lower than in the point when you bought the option, OptionTrade pays you 173USD. If the price is higher, you will lose invested money. But you need to remember, that you cannot forfeit more than you trade. Open your account now!

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Member and editor of Finance Magnates - the biggest FX, and binary options B2B website. A graduate of the University of Economics in Krakow, active publicist since 2012. Technical analysis is always more important to him than the fundamentals – however, he does not reject the importance of macro data. As he assumes that, the simpler the better, he is a strong fan of Price Action trading strategy and Fibonacci retracements.