AUDSGD Short Daily/4hour

Dec 12, 2018

This is a potential short on the AUDSGD pair. The daily/weekly is in a very large bearish channel/wedge pattern. Within this structure, price has bounced off the top with strong bearish momentum and is now making a nice pullback into support and the ema's. The manifests as a bear flag on the 4-hour. I may look to go short on a break and close of the 4-hour trend-line and look to take a 100pip move down to the next level of support 0.9765.

Jan 1, 2019

Trade closed: target reached