USDSGD currently is making a bullish compression, yesterday the price had a rejection and we anticipated that today may have a small retracement to the dotted line as to create another Higher Low (HL).
If we look to the left, the previous Support now has become a Resistance, a pretty solid Resistance; it created "The Wall" and had managed to hold the prices to advance further (see R1, R2, R3).
What we are seeing now, the prices are creating a momentum (by producing a tight compression); direct frontal attacks had failed three times, now it will be an accumulation of massive attack to "The Wall". I marked the level 1.36155 as the decision level either the price will advance further to the North or will be rejected again.
When the price is reaching "The Wall" what we need to observe is a Price Action, in my opinion, likely "The Wall" will be breached either using a Dragon or Massive foot-troops crossing the decision level.
What if you miss the opportunity to LONG? the market is always forgiving, when "The Wall" is breached, put your Pending BUY Order at 1.36155
Let the war begins!
If we look to the left, the previous Support now has become a Resistance, a pretty solid Resistance; it created "The Wall" and had managed to hold the prices to advance further (see R1, R2, R3).
What we are seeing now, the prices are creating a momentum (by producing a tight compression); direct frontal attacks had failed three times, now it will be an accumulation of massive attack to "The Wall". I marked the level 1.36155 as the decision level either the price will advance further to the North or will be rejected again.
When the price is reaching "The Wall" what we need to observe is a Price Action, in my opinion, likely "The Wall" will be breached either using a Dragon or Massive foot-troops crossing the decision level.
What if you miss the opportunity to LONG? the market is always forgiving, when "The Wall" is breached, put your Pending BUY Order at 1.36155
Let the war begins!
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。