TomProTrader

SGDUSD: Nice Short Opportunity Into The Lows #Forex

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FX_IDC:SGDUSD   SINGAPORE DOLLAR / U.S. DOLLAR
4
Traders,

This is an update on this pair, despite sharing a few days earlier. Consider this an update. The move is good and we are very much in the money, and anyone in my signals group is laughing very much these last few months as we've absolutely nailed it!

With SGDUSDmoving nicely on bearish momentum, we have a nice opportunity to get into a short off a small 3 wave system. We have multiple dojis at TL resistance and 50MA level. Bears have momentum, and I expect a minor consolidation breakout real soon. I would have thought this leg will be a LL leg, which is essential for the future of this move, so a LL is desired to validate this thought.

Best of luck
Tom

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