usdsgd mean reversion

Checking out the USDSGD daily chart today, a market which I’ve recently adopted to my watch list.

After a decent push down, price has managed to accelerate away from it’s mean value. These gaps are an early warning sign that a mean reversion is likely to occur.

The market is also resting on a support level, so I can’t see price having the bearish energy needed to break support while already overextended here.

There is a 4 hour bullish rejection candle for anyone looking for an aggressive entry.

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