SGD "SINGS" THE TUNE OF CABLE | GBPSGD (SHORT)

Tendency: Downtrend ( Bearish )
Structure: Harmonic (BAT) | Falling Wedge
Observation: i. Waiting for correction of impulse leg XA to culminate at 86% retracement.
ii. Price sliding below Moving averages on the lower time frames.
iii. Pattern formation (almost) complete.
Trading Plan: SELL with a potential TP1 and TP2 with 650pips and SL @ 1.80000/1.82000 zone.
Risk/Reward: 1/2.5
Potential Duration: 10 to 20 days

** Please note that Stop Loss is subject to individual risk appetite per trade and account size.



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