KevinSinghDhaliwal
Short

USDSGD Potential pattern forming C-D LEG!

FX_IDC:USDSGD   US DOLLAR / SINGAPORE DOLLAR
2 years ago
Hello everyone, we might have a chance to catch the C leg towards D leg. The targets are highlighted on the chart.

Good Luck
a year ago
Comment: 2/5 targets reached
IvanLabrie PRO
2 years ago
Very nice!
+1 Reply
KevinSinghDhaliwal IvanLabrie
2 years ago
Thanks Ivan
Reply
andberg PRO
2 years ago
I would like to know this pattern, didn't find these ratios
+1 Reply
KevinSinghDhaliwal andberg
2 years ago
Potential gartley depending on the c to d leg. In my opinion a-b its fine
Reply
alr14uk
2 years ago
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
KevinSinghDhaliwal alr14uk
2 years ago
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 :)
Reply
alr14uk KevinSinghDhaliwal
2 years ago
Makes perfect sense... Thanks Kevin. I'm looking for an entry on 15 mins. Are you already in?
+1 Reply
KevinSinghDhaliwal alr14uk
2 years ago
Still looking for any bearish sign on 1 hr
+1 Reply
alr14uk KevinSinghDhaliwal
2 years ago
Is Canada awake yet? Looks like it's going to retest the high, next few hours should be telling, wouldn't you say?
Reply
KevinSinghDhaliwal alr14uk
2 years ago
Are you talking about USDCAD?
Reply
KevinSinghDhaliwal KevinSinghDhaliwal
2 years ago
USDSGD*
Reply
alr14uk KevinSinghDhaliwal
2 years ago
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!
Reply
KevinSinghDhaliwal alr14uk
2 years ago
Oh ahah yes! and unless it turns around right now, it is invalid
Reply
alr14uk KevinSinghDhaliwal
2 years ago
This is playing out in an intriguing way... I take it you're staying clear of the trade?
Reply
KevinSinghDhaliwal alr14uk
2 years ago
yes no trade at the moment on this pair for me
Reply
alr14uk KevinSinghDhaliwal
2 years ago
I was contemplating entering at 1.4274 with a stop above the day's high, but had to go out, so will just watch it play through.
Reply
two targets reached
Reply
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