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UsdSgd: Bearish EW Triangle In Play

Corto
Dólar estadounidense/Dólar singapurense (FX_IDC:USDSGD)  
Olu Actualizado   
FX_IDC:USDSGD   Dólar estadounidense/Dólar singapurense
Trend Analysis Chart Patterns Wave Analysis
2
0
trendanalysis chartpattern waveanalysis
Comments on the chart
Comentarios:
Price rose today. The E high remains intact and so does the C high which is even further away from price. As these levels are still intact the idea is still on. EW triangles are time spending structures and often keep traders guessing till the breakout.
Comentarios:
Price fell hard today and is almost at the D level. Price taking out this level confirms the thrust down is under way which could target 1.2800 area
Comentarios:
Price bounce hard today off the (extended) triangle line. I am still bearish but was not expecting this price action today. That is trading for you. If the market did what traders expected all the time there will be no market
Comentarios:
Price is surfing the lower boundary of the triangle. This structure is bearish
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