USDSGD Bearish Reversal, Expect Down Move here

Hi everyone:

Here on USDSGD, there's potential opportunities for a bearish continuation to happen.

We can see after a strong bearish impulse phase on the higher time frame, price begin to correct within a larger expanding correctional structure.

With a few swing highs and lows, price had a move up, but failed to continue higher. with any further bullish corrections.

Instead it formed a reversal impulse move down, follow by a bearish continuation.

This all good indication that the expanding structure has hit the top, and a bearish continuation of the higher time frame is possible.

Watch for lower time frame price action to form continuation correction after breaking out to look for entries down the recent lows.

Thank you

Kommentera:

Kommentera: