USDSGD Look for the reversal buy opportunities

Hi everyone:

USDSGD also on my watchlist this week ahead.

Price has been dropping ever since end of March, and we see price is right back at where it was before the COVID crisis.

What I like about the price now is we are in this largest expanding structure, and from the corrections within,
its a good probability that we can expect this is a HTF reversal structure, and we can see the price gets push up again.

Currently price is still in this descending channel, and we at bottom where the previous lows, and a inverse Head and Shoulder pattern.

I want to see a breakout form the channel, and a LTF correction for possible entry,
or
wait for complete breakout of the HTF expanding structure, and still look for LTF correction to get in the buy.

I do expect once we have the confirmation breakout, we can expect more USD strength.

Thank you

تعليق:

HTF:

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Wait for this LTF correction to develop if you havent get in the buy