If USDSGD does not go lower than 1.410 next week, it should stage a slow recovery possibly to 1.435-1.440 region towards late March.
Comment:
Looks like the flag is formed. Will we get an impulse?
Trade closed: stop reached:
FOMC rate hike did not help USGSGD breakthrough 1.415 as I've hope; instead, it completed a libra pattern and headed downwards as I feared.
Hope everyone either made money or had your SL kicked in.
Case closed.
Hope everyone either made money or had your SL kicked in.
Case closed.
That being said, all bets are off with FOMC meeting happening in the next 48 hours.