Price has been range bound over the last month and has finally moved out of this range and bounced off the 62.5 fib and is just below the 4HR 55EMA/1D 55EMA and Daily Price Pivot (fakeout). Expect a push up back into the range with a move to the upper part of the range.
Long at 1.38 with a target at the top of the range at 1.39.
Potential short on this pair. Price on the daily has made a nice correction which manifests on the 4-hour as a nice bear flag. I will look to go short on a break and close below the 4 hour bear flag. Already caught a 130+pip move down on this pair from the previous bear flag shown on the chart.
This is a potential short on the USDSGD. Price on the daily broke out of a long term channel and had made a new low. A bear flag is now appearing on the 4-hour. Will look for a break and close of the bear flag on the 4-hour for entry. The curving on the weekly/daily is a sign of weakness to the upside.
This is a potential short on the USDSGD pair. A lot of confluence here. Price broke out of a channel which has been intact since June this year and is now printing its first pullback into the trend-line and some horizontal support. The 4-hour looks like its printing some form of double top.
I may go short on a break of the inside day candle on the daily (Orange box).