AUDSGD prints a high probability reversal pattern with a combination of multiple bullish features including 1) confluence of trend lines on weekly 2) W-shaped double bottom on daily chart 3) bullish expansion terminated previous week-week trend.
A look at NZDUSD transformation from Head and Shoulders pattern into a Descending Triangle. Importantly the pair is still on track to a high probability reversal.
This post follows up two previous observations. A high probability reversal setup spotted in AUDJPY on 25 January 2018 and a similar setup spotted in NZDUSD last week 15 March 2018. AUDJPY is confirmed and moving along nicely while NZDUSD is perched at the edge of confirmation.
2 out of 5 high probability reversal setups appear in NZDUSD chart. This chart suggests a potential short should price get resisted one more time. Two more features to look out for are the right candlestick pattern and a confirmation break.
Multiple time frame charts for Capitaland and Sembcorp look bearish. Both exhibit confluence of resistance with bearish chart pattern. Both are also supported so wait for confirmation. In this volatile market, better to get timing right than try to front run any break that could