( no trigger no trade ) USDSGD head and shoulders happening?

In the previous trade on usdsgd long, i was out on break even and was prepared to accept that price maybe forming a head for hns chart pattern.
Price has now evolved.


USDSGD seems to be attempting to form a h4 hns via a wr3B retest
My concern is that there is no obvious resistance to create this head, which is one of my
criteria for hns to be formed.

week3 usdsgd big picture 140114

My consolation will be that this is a hns of considerable size since there was a wr3b previously.
Also last week closed below a d1 fib6 downflow.
The space for downside seems not to be so quantifiable as well, but I will look out for
bearish price action signal first at the said level.

week3 usdsgd h4 hns but no resistance 140114

updated 250114

No trigger no trade

week4 usdsgd hns no trigger no trade 250114


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s