Macro change in AUD vs SGD, golden pocket reacted nicely for a higher low & beginning of up move for the right shoulder of the inverse head and shoulder. There are 3 decent trades here: Inverse H&S, Algo and pitchfork reversion. looking for a pullback for an easy entry with tight stop but could also enter here for a decent R:R
Key points:
Reversion to the...
Veracity looks set to pamp! There's multiple golden corner mean reversion trades in play with 80% odds of hitting their targets (as long as the lows hold). This Elliott wave count suggests that Verasity could be entering the most explosive wave, the 3rd with multiple algo targets above. In the past I've noticed setups like this often fail to hit the LOG targets...
