After USDSGD has escaped the ascending channel and the head and shoulders pattern, it is now touching an ascending trend line starting back from Sept 21 and touched again on Feb 22, also touching a 23.6 fib level,
currently looking to retest the previous support (neckline) and a 61.8 fib, which is now resistance @1.366, and also the lower channel line. Which was broken earlier.
in a 1-hour time frame appears to print a divergence on the RSI indicator, which indicates that we might have a change in the direction
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Feel free to share your thoughts in the comments, and kindly support the idea with a like. Your support is greatly appreciated!
currently looking to retest the previous support (neckline) and a 61.8 fib, which is now resistance @1.366, and also the lower channel line. Which was broken earlier.
in a 1-hour time frame appears to print a divergence on the RSI indicator, which indicates that we might have a change in the direction
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Feel free to share your thoughts in the comments, and kindly support the idea with a like. Your support is greatly appreciated!