NZDSGD
strong market pressure + clear chart = short it strong the market is deeply shorting this cross
this result in clear short trend and our indicators say "SELL IT"
good opportunity in my opinion
NZD/SGD 4 hr timeframe longSpotted a XABCD pattern that occurred and this indicates that the market will long.
Last move before the market closed, retracement showed 0.618 which indicates the pull back to go long and the profit target used shows a desired profit area of 2.618.
Small stop loss but should look like a potential market to follow as there are long opportunities to seize in the moment.
NZD/SGD Long term From what I see on the 4 hour chart, I can tell you that this is in fact a long term trade for the fact that it was on an uptrend before October 11th 2016 (first green arrow) and it has still continued to push up.
Furthermore I jotted down a little support line which was retested twice and XABCD + Triangle pattern confirms this uptrend.
Look out for this during the weekend and see if my analysis fits with your trading fundamentals and so forth.
NZDSGD Short OneImportan Note:
1. Trendline is break and Daily trend continuation.
2. OBV trendline breaout with good direction.
3. Volume is overpower with energy.
Trade with care.
