SGDNZD trade ideas
NZDSGD Bullish Bat Day chart Hi All,
Here we have a valid Bat pattern forming on the day chart. Valid due to points all falling within their given ratio:
B:0.382 - 0.50
C:0.386 - 0.886
D:1.618 - 2.618
X-D:0.886
Weekly chart trendline close to the D point so could show a test of that support trendine causing a bounce upwards
Will update daily
NZDSGD 1d Reversal - Price has broken both MAs, retested.
- MA crossunder has happened, stayed like that.
- Two long rejection wicks around 1.015 area.
- In the 4h chart, price has broken both MAs and the crossunder alert has
happened as well.
- Entered short, SL above slow MA and long rejection wick.
- Exit trade if price goes back above MAs.