USDSGD Triangle break-out. Buy signal.

2023年5月16日

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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