BlueberryMarkets

USDSGD POTENTIAL HEAD AND SHOULDERS PATTERN: ANALYSIS

Short
OANDA:USDSGD   U.S. Dollar / Singapore Dollar
USDSGD HAS APPROACHED A KEY RESISTANCE LEVEL AND THE 1HR CHART
IS POTENTIALLY FORMING A HEAD AND SHOULDERS PATTERN.
TYPICALLY, WHEN YOU SEE THESE PATTERNS AT KEY RESISTANCE ZONES
WE ARE LIKELY TO SEE A REVERSAL. IF PRICE CAN BREAK AND CLOSE THROUGH THE
NECKLINE WE CAN LOOK FOR SHORT OPPORTUNITIES.
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