USDSGD Triangle break-out. Buy signal.

16 Mei 2023

Last time we looked at the USDSGD pair (October 11 2022) we gave the best sell signal possible (see idea below) as the price entered the 6 year Resistance Zone:

This time we have a buy signal flashing as the price not only broke above the Triangle pattern on the 1D time-frame but also above the 1D MA50 (blue trend-line). As long as Support 1 holds, we are bullish targeting 1.35500. If Support 1 breaks (1.32050), we will book the loss and open a sell, targeting 1.30550.


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