AUDSGD on the 4h chart after hitting the weekly resistance started a retracement move.
The price is forming a possible head shoulder pattern and if if the market will break below the neckline we can look for a short position.
On the other hand, the descending channel could hole the price and bounce over it for the next bullish leg.
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Follow the Shrimp...
Pivot 0.753
Long positions above 0.753 targets 0.821 Stop 0.775
Break of 0.753 targets 0.725 and 0.681
Long term downtrend (bottoms if 0.681 holds)
Medium term uptrend
Short term uptrend
AUDSGD on the 4 h chart after testing the weekly resistance, moved back to that minor support at the 1.02300 level over the 0.382
If our entry rule will trigger, according to Plancton's strategy, we can set a nice long order.
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Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue...
AUDSGD on the 4h chart is now creating a new high.
The price after the last bullish leg retraced until the support area at the 0.5 fib level.
If our entry rule will trigger, according to Plancton's strategy, we can set a nice long order.
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Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
•...
AUDSGD after the bullish impulse of last Friday closed above a weekly support.
The price after touching the upper trendline of the major ascending channel starts a minor retracement for a retest of the support.
IF the price will break and close above the resistance area at 1.00800 we can set a nice long order according to Plancton's strategy.
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Follow the...
AUDSGD on the 4h chart after breaking abobve the 0.98500 area, started a ranging phase between 2 structures.
IF the price will break above the 0.98850 area we will set a nice long order according to Plancton's strategy.
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Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure ->...
AUDSGD on the daily chart found support over the lower trendline of a descending channel.
The price couldn't break below and will probably move up for a retracement.
IF the price will test again the resistance area at 0.96800 and give us a sign of inversion we will set a nice short order according to Plancton's strategy.
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Follow the Shrimp 🦐
Keep in...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.9247). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDSGD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support....
