KevinSinghDhaliwal
Short

USDSGD Potential pattern forming C-D LEG!

FX_IDC:USDSGD   U.S. Dollar / Singapore Dollar
Hello everyone, we might have a chance to catch the C leg towards D leg. The targets are highlighted on the chart.

Good Luck
Comment: 2/5 targets reached
two targets reached
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Hi Kevin, Nice setup... I'm new to advance patterns... To complete the pattern, does it need to actually hit the C point? Or are you considering it to have done so already? It's starting to look bearish on lower time frames, but I'm thinking there is potential for one more leg up on the 4 hour.
+1 Reply
Thanks, and to your point the B-C leg should be anywhere from 38.2 to 88.6 retrace of AB LEG. So in that area it can reverse any time towards the final leg. If the C leg is higher then A point then this pattern would be invalid for me. Hopefully you got the idea what i'm trying to say. If you have any questions please do not hesitate to ask :)
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alr14uk KevinSinghDhaliwal
Makes perfect sense... Thanks Kevin. I'm looking for an entry on 15 mins. Are you already in?
+1 Reply
Still looking for any bearish sign on 1 hr
+1 Reply
alr14uk KevinSinghDhaliwal
Is Canada awake yet? Looks like it's going to retest the high, next few hours should be telling, wouldn't you say?
Reply
Are you talking about USDCAD?
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KevinSinghDhaliwal KevinSinghDhaliwal
USDSGD*
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alr14uk KevinSinghDhaliwal
No, I thought you lived in Canada so was asking if you were awake! ;o)

Has the poke through the high invalidated this pattern, or does it need a close above it? I still think it could have legs and the lower time frames aren't giving it away, to me at least!
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Oh ahah yes! and unless it turns around right now, it is invalid
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