USDSGD Possible drop to support level.
Logic behind analysis :
1. Long term downtrend
2. Daily Bearish engulfer
3. 4H Head & shoulder on resistance with liquidity grab
Summary : A sell trade is high probable as per chart analysis.
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I expect a breakout of the designated resistance and an upward move.
The green last weekly candle also indicates future growth (I think).
TP around 1.3750
GG
P.S. This is not financial advice of course, just my idea.
🟢 USDSGD
TF: 4H
Side: Long
SL: $1.39610
Entry: $1.39858
TP 1: $1.40277
TP 2: $1.40690
TP 3: $1.41024
USD is gaining strength again so it's time to start buying it.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
