Olu
Short

UsdSgd: Looking Lower

FX_IDC:USDSGD   US-DOLLAR / SINGAPUR-DOLLAR
Comments on the chart
Kommentar: Price moved down hard today mirroring the DXY weakness. The idea is still on
Kommentar: The selling petered out on friday and price put in a double bottom. According to my wave count I am looking for more downside and this price action could just be an internal retracement move like a wave 4 of 5. So I am watching it closely. If price had gone even just 1 tick below the wave 3 low the 5 wave down idea would have been fulfilled. I do not think the $ has strength to put in a truncated 5th imho
Kommentar: Just as with the DXY idea (4) is still intact. So idea is still on for some downside
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