USDSGD: A bunch of patterns
Updated
USDSGD is creating a potential Inverse H&SH and Bullish Bat in blue. If Price is going to react now we can be ready for the resistance zones with CD legs of bearish Cypher pattern (in red) and bearish Bat pattern (in yellow).
Keep in mind that on USDSGD on daily chart we have a 5 wave move up. So if this is all the correction we can be ready for the upside move.
Invalidation of the idea comes below 1.3444 price zone because it comes with other bullish & bearish patterns.
Good Luck!
Keep in mind that on USDSGD on daily chart we have a 5 wave move up. So if this is all the correction we can be ready for the upside move.
Invalidation of the idea comes below 1.3444 price zone because it comes with other bullish & bearish patterns.
Good Luck!
Note
Price made 120 pips move and now it is facing resistance at reverse H&SH neck line. From this point it can expect:1.Correction of price lower before break to upside
2.Break and Retest of neck line
3.Failure of the upside move.
At this point its better to close some profits.
Note
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