adezeno

Malaysia Ringgit. Head & Shoulder

FX_IDC:USDMYR   U.S. DOLLAR / MALAYSIAN RINGGIT
A drop from Nov 2022 peak (red arrow) shows a 3-wave ABC corrective move.

this follows by an impulsive move (5 waves) starting Feb 2023.

we might see a temporary pullback, a break below the head, and should pattern to RM4.3 before moving higher.


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