TheSignalyst

EURSGD potential bearish reversal

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OANDA:EURSGD   EUR/SGD
on DAILY: EURSGD is sitting around a resistance zone in blue so we will be looking for objective sell setups on lower timeframes.

unless price breaks it upward aggressively, then a bullish movement till our next resistance in purple would be expected.

on H1: this pair formed an objective trendline in red, and it is now forming a double top pattern.

So we are waiting for a momentum candle close below our last swing that forms around our red trendline to sell EURSGD.

meanwhile, EURSGD would be overall bullish.

This analysis is done using RichTL
www.RichTL.com

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