Very nice Inverse Head & Shoulders, on the GBPSGD daily chart, Should take a few days to retrace a little before it attacks the breakout line again but well worth keeping an eye out for this as there are a lot of pips up for grabs!
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btw The EW numbering could have an alternative which would see the '5' (on the chart) as the wave 3, so that the move up would be the wave 4 pullback. Either way though it doesn't effect the target much as the wave 4 could easily hit the red box.