FX_IDC:USDSGD US 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.
Comment: 2/5 targets reached
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.
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 :)