FX_IDC:USDSGD   US DOLLAR / SINGAPORE DOLLAR
97 8 6
AFTER A SUCCESSFUL SELL OF USDSGD             (POSTED AN IDEA DAYS AGO),
WE HAVE BEAR FLAG PATTERN NOW.
ITS PRETTY OBVIOUS ON H4 H1.

THIS BEAR FLAG SHOULD COMPLETE @ 61.8%.
ONE COULD SELL @ 61.8%
OR WAIT FOR BREAK OF BEAR FLAG TO SELL TO 127.2%.

CURRENTLY PRICE NEAR 61.8% AND IS FACING RESISTANCE FROM PREVIOUS RESISTANCE,
AS INDICATED BY ARROW.
FOLLOW THIS IDEA TO SEE HOW I WOULD TRADE THIS.

Related Ideas

moneymaking
a year ago
Hey Price, could this have been considered a BULL flag on GBPUSD (4 HR):

snapshot
Reply
PriceActionTrading moneymaking
a year ago
That was. Im still holding long from the bottom of the bull flag. I believed i posted that idea. Hold on let me post it here.
Reply
PriceActionTrading PriceActionTrading
a year ago
Sorry moneymaking, i posted that GU long idea in my NZDUSD idea. You can take a look at my analysis here.
NZDUSD
Reply
PriceActionTrading PriceActionTrading
a year ago
At the comments section.
Reply
moneymaking PriceActionTrading
a year ago
Oh yes, I remember now, I asked you for your analysis on GBPUSD. At that moment I was still looking at the bull flag but didn't bring it up. I thought that I might be wrong. No problem. At least I am starting to recognize bull and bear flags :)
Reply
PriceActionTrading moneymaking
a year ago
Yea. Once you recognise the impulse move, you should be able to recognise the correction. which could be in any form (flags/range).
Reply
UPDATE 1 : RESPECTING THE BEAR FLAG AT THE MOMENT.
snapshot
Reply
Great.
+1 Reply
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