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m_maia14

EURSGD - W pattern

Short
EUR/SGD (OANDA:EURSGD)  
m_maia14  
OANDA:EURSGD   EUR/SGD
Harmonic Patterns Chart Patterns Technical Indicators EURSGD euro wpattern macdcross EMAS Bearish Patterns impulse supportandresistancezones takeprofit
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harmonicpatterns chartpattern indicator eursgd euro wpattern macdcross emas bearish impulse supportandresistancezones takeprofit
Hello traders! We can spot a similar formation on EURSGD as on EURJPY, about which I discussed in my previous post, and which has already reached the take profit. EURSGD also seems to create a strong impulse downwards, completing to the neckline the W that was formed on the daily timeframe . We can see that the MACD is below 0 and EMAs are crossed, showing us a bearish environment. From here, there is a high probability of reaching the neckline of the daily W, going to at least at 1.425
EURSGD EURSGD
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