TheSignalyst

EURSGD potential bearish reversal

Short
OANDA:EURSGD   EUR/SGD
on DAILY: EURSGD is sitting around a resistance zone in blue so we will be looking for objective sell setups on lower timeframes.

unless price breaks it upward aggressively, then a bullish movement till our next resistance in purple would be expected.

on H1: this pair formed an objective trendline in red, and it is now forming a double top pattern.

So we are waiting for a momentum candle close below our last swing that forms around our red trendline to sell EURSGD.

meanwhile, EURSGD would be overall bullish.

This analysis is done using RichTL
www.RichTL.com

My Telegram Channel
www.t.me/thesignalyst

Buy CRGPT on Uniswap
cutt.ly/CRGPT
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.