Brake towards the upside or downside? Wedge completion.
Im looking for this wedge pattern to complete in order for me to make my final decision on this pair.
Long Setup
USDSGD has been on a decent run for a while now. By what looks like a sharp incline, the momentum looks like as if its slowing down or perhaps ready for another push?
1. If the pair brakes the wedge on the upside and makes a strong close above the 2009 lows then it's a high possibility that this pair will drive towards the upside.
2. MACD also creating momentum towards the upside.
Short Setup
1. If the pair brakes the wedge on the downside then Im looking to short it towards December highs.
2. MA Crossovers confirming downwards momentum.
Two Strong possibilities for two strong trades. Which one can be most reliable anyone?
Long Setup
USDSGD has been on a decent run for a while now. By what looks like a sharp incline, the momentum looks like as if its slowing down or perhaps ready for another push?
1. If the pair brakes the wedge on the upside and makes a strong close above the 2009 lows then it's a high possibility that this pair will drive towards the upside.
2. MACD also creating momentum towards the upside.
Short Setup
1. If the pair brakes the wedge on the downside then Im looking to short it towards December highs.
2. MA Crossovers confirming downwards momentum.
Two Strong possibilities for two strong trades. Which one can be most reliable anyone?
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