DBS is forming a cup and handle formation, one of my favourite patterns in trading forex EURUSD.I will wait till the handle forms nicely before I go in at the bottom of the handle.
15.74 is the breakout of this pattern. 15.21 is a major support that goes back to 2009 Feb and May. 15.21 should also be the bottom of the handle. If DBS leaves the station from 15.48 tomorrow, I am not chasing, as the handle is too short. And such a move is liable to break down as it is to break further up.
No comments:
Post a Comment