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JoeHayes

USDSGD BAT Pattern approaching 1.2400 Level.

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JoeHayes  
FX:USDSGD   None
Forex Bullish Patterns currency Bat Butterfly Gartley Harmonic Patterns Harmonic Patterns Shark Momentum Indicator (MOM) pips
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forex bullish currency batpattern butterflypattern gartleypattern harmonicpatterns harmonicpatterns sharkpattern momentum pips
USD/SGD is approaching the 1.2400 level which is an extremely viable support level as shown on this daily chart. To go with it is a new bat pattern with the .886 landing harmonically at this 1.2400 level. I would get in front of it ever so slightly and look for a retest of the 'B' point at 2560s or so. We also are seeing some bullish momentum divergence which always helps.

Enter: 1.2410 Long
Profit Target: 1.2560
Stop Loss: 1.2315
Penafian

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