TheSignalyst

EURSGD long-term top-down analysis

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FX_IDC:EURSGD   EURO / SINGAPORE DOLLAR
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on DAILY: EURSGD is approaching a strong resistance in blue so we will be looking for sell setups.

EURSGD is forming a trendline in red, but it is not valid yet, so we will be waiting for a third swing to form around it to consider it valid.

Trigger: Waiting for a momentum candle close below the gray area to sell.

and until the sell is activated, this one would be overall bullish, and can still test the blue resistance before going down, in this case we will be looking for sell setups on lower timeframes.

As price approaches our lower green support, we will be looking for buy setups.

Good luck!

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