USDSGD - Short in view. Sell Ichimoku signals incoming.
Ichimoku on 1H chart as shown is nearly ready for a sell setup. Waiting on Kijun traversal of the cloud.
Note that in higher timeframe (4H), it's still in the upper part of the cloud (so basically you would not enter a short) however the Kijun was just broken by the PA so we may expect a downtrend towards the upper part of the cloud.
You may want to have a look at tntsunrise idea which is based upon harmonics and gives more weight to the short perspective on this pair.
Hope you enjoy, cheers.
Note that in higher timeframe (4H), it's still in the upper part of the cloud (so basically you would not enter a short) however the Kijun was just broken by the PA so we may expect a downtrend towards the upper part of the cloud.
You may want to have a look at tntsunrise idea which is based upon harmonics and gives more weight to the short perspective on this pair.
Hope you enjoy, cheers.
Comment:
As you may see, Ichimoku prevented us from entering too soon, the Kijun was not fullfilling the basic requirements for the short trade. The PA went up again in its cloud.
