Price on this currency pair is squeezing as a triangle pattern is starting to form. The corner of the triangle is hitting on a very important date, the EU referendum (23rd June). Be ready for a big reaction on this currency pair.
Will that bat pattern complete ? not sure
Wait ...
Trade your plan
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Update status
Demand around 1.5400 levels indicating good buying opportunity, but on daily demand stop loss (1.5300)is too wide.
it would be better to trade from H4 Demand area. This is the first time I am planning take trade on this pair
Please see chart for supporting facts.
Exercise Risk Reward Precaution as accordingly.
Note: This is still a potential trade and must wait for further confirmation
I like SGD pairs because they have clear wave structures. Sometimes the majors are very confusing because they are too manipulated.
Im closely following this pair last months (see related ideas)
According to this EW count price is forming a long term zigzag (ABC blue)
Right now price is making a perfect correction.
- 0.61 fib retracement
- 1.61 fib extension
-...
I think the correction for wave 4 circled blue is still not complete.
Right now price is making a 0.61 fib retracement for wave B red
Last ideal target would be the trendline support and previous wave 4 of lower degree.
Bearish divergence on MACD shows price is exhausting.
Happy weekend.
EURSGD vem rompendo uma bandeira dando um bom sinal Price Action
Minha ideia e buscar 1.5212 Bull
EURSGD is breaking a flag giving a good sign Price Action
My idea and seek 1.5212 Bull
