FullTimeTrader

USDSGD-convergence and divergence on the same TF

Short
FX_IDC:USDSGD   U.S. Dollar / Singapore Dollar
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.



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