FullTimeTrader
Short

USDSGD-convergence and divergence on the same TF

FX_IDC:USDSGD   US DOLLAR / SINGAPORE DOLLAR
652 4 19
This is a very rare setup we have here a convergence-divergence setup on the same timeframe, usually on this setup we should combine D1 and H4 timeframes.

Not only that. I see more reason to short on this levels.

- double top with divergence
- clear uptrend broken, price made its first lower low
- convergence on MACD shows expected next price move
- price is testing the trendline
- EW possible expanded flat correction (not shown)

Best regards.


lovely.guy.589
a year ago
gud charts
Reply
LastBattle
a year ago
Agree :) Good luck and have a good trade
Reply
ccake28
a year ago
Hi. Do you see 1.32 as the target as well?
Reply
FullTimeTrader ccake28
a year ago
hello, yes, 1.32 is the target, it will take some time off course. regards.
Reply
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