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.


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