41 2
AUDSGD channel. almost similar to AUDUSD . main trend is still downwards. wait for H4 bearish pin bar/rejection pattern at 1.085 to enter sell.
note. price may not retrace to that level and may just close below the channel today. however better risk reward is at 1.0850.
IF D1 manages to close above 1.0850 today. a short term upbreak to 1.11 could happen. I do not wish for that to happen.
Do not by any means attempt to go long, although it may look like a reversal if closed above 1.0850.

Price broke below the lower channel.
IMO it will not retrace to 1.085 as AUDUSD has already broke below the lower channel.
Thus, we could use AUDUSD as a confluence that AUDSGD is breaking through the lower channel. However, risk reward is low.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Pine Wizards Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out