Here we have a beautiful high probability bullish setup A nice bullish Deep Crab pattern Potential Major price rejection at 1.00000 Potential target 1 above the Minor price at 1.03319 Trade safely guys ! (For me, trade will be taken if price goes outside the Bollinger bands & RSI overbought/sold)
Here we have a beautiful high probability bearish setup A nice bearish Deep Crab pattern Potential Minor price rejection at 1.06000 Potential target 1 at the Half major price at 1.05000 Trade safely guys ! (For me, trade will be taken if price goes outside the Bollinger bands & RSI overbought/sold)
AUDSGD is near historical lows but current price action is showing the pair in a sideways consolidating channel.
Pair in a range. Stop loss above 1.04. Target bottom of range or 1.00.
FX_IDC:AUDSGD Safe Trades;
Expect to see an attraction toward 1.3280-1.3350 region before the strong reversal.
Better than expected employment data from Australia this week boosted the AUD against most currencies. Due to the previously weak USD, AUDUSD had already moved into a bullish sentiment zone, and this weeks data adds to that conviction. We note however a potential trade setup for AUDSGD as the good Aussie data accompanied by the easing move by MAS allowed the pair...
AUD have been rally strong across the board, with Positve news impact, but will Rally end or keep moving. On AUDSGD, its meeting former Resistance Trend Line. here, we can wait for confirmation. To go Short or Long, but my biased is still on the Short Side.
We have a bearish bat completed at 1.062 aligning with previous structural resistance. Any sell opportunity here should be seized given that this resistance level has held twice before coupled with the bearish bat. Sellers can look at 1.054 as the first potential target should bears start selling it down once again
Great trade setup here again. Risk/Reward great as usual. The market has been making very harmonic moves down and the next harmonic move down comes in at 1.618% extension which comes in exactly at the next major support level of 0.990. Happy trading :)
H4 close above 1.0850 will invalidate this trade. Wait for H4 bearish pin bar to form to enter this trade. pin bar must be more than 30 pips, cutting the 1.0850 line and bearish in nature. More conservative traders can wait for a D1 pin bar confirmation.