memit
Short

AUDSGD Short Daily/4hour

OANDA:AUDSGD   AUD/SGD
This is a potential short on the AUDSGD pair. The daily/weekly is in a very large bearish channel/wedge pattern. Within this structure, price has bounced off the top with strong bearish momentum and is now making a nice pullback into support and the ema's. The manifests as a bear flag on the 4-hour. I may look to go short on a break and close of the 4-hour trend-line and look to take a 100pip move down to the next level of support 0.9765.
Jan 01
Trade closed: target reached
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