USDSGD 1hr Reverse Head and Shoulder

USDSGD forming reverse head and shoulder (libra) on the 1hr chart

הערה

Double top forming on 1hr. It could be a short instead if the current candle breaks below the neckline

הערה

Finally broke out of channel after moving sideways for weeks

הערה

USDSGD broke out of channel and range. Currently holding steady above 1.4 before the French election. The Euro has a 2/3 chance of falling after the election with a Macron win already priced in and possible Le Pen upset. From there, I expect DXY to take a new trend with USDSGD possibly reaching as high as 1.48

TP1: 1.412
TP2: 1.423
TP3: 1.437
TP4: 1.454 and beyond

הערה

Watch out for a potential retrace to 1.40, longer trend is still towards 1.43

הערה

If 1hr pin bar holds, probability will lean towards a breakout/ consolidate before upwards.

הערה

1.411 and going strong

הערה

First target hit. Now onto the next target 1.423

הערה

USDSGD retracing to 618 of May8th to May 11th uptrend at 1.406. Good to long the pullback.

הערה

USDSGD touched 618

הערה

Congrats to those who took the short setup from 1.409 (May 11th) for a quick profit. USDSGD has now retest the upper channel and bounced. I suspect that it will range along the upper channel before going up (replicating the pattern from April 10th.

הערה

Zooming in, looks like USDSGD is retesting the channel. However, don't really like what I'm seeing. Dollar is weak and there is no catalyst for it to get stronger. Dollar bulls will go to sleep until signs shows that bears are exhausted.

העסקה בוטלה באופן ידני

הערה

USDSGD retest channel trend line. Gravestone doji on the 1hr chart. That being said, the overall tone for dollar is negative. Best to wait to watch.

הערה

Sorry, wrong chart (again). My bad

leeweechong

כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.

leeweechong