Disclaimer ya, I seldom trade this pair only observe when will be a better time to change money from USD to SGD or SGD to USD.
Is a good time to change USD to SGD but for people who are going to change SGD to USD you might want to hold off for 1-2weeks to see how this develop, if you are not urgent for the exchange.
We spotted this together during Yesterday live session isn't it. It forms up nicely like what we have been waiting for.
On this 1-hourly timeframe, it is a trend trading opportunity but on the higher timeframe, it is a view as a counter-trend?
So what is your strategy in engaging this trade?
Waiting for a double top to engage this short trade as a trend-continuation trade.
Great trading opportunity for aggressive trend traders but to note the stops might have to place above the bigger pink box in preventing stop-out.
Conservative trader can look into single target engagement.
Did I mention it is also a 5-0 pattern? :)
Hi traders
I spotted a bullish Deep Crab forming lower at the 0.69 level
News :
- Aussie wage number came in lower than expected
- Chinese economic data losing steam
obviously it does not help that the tension of the US-China trade war is building up
I would expect the AUDUSD to continue drifting lower. Giving us the potential buy trade at the completion of...
A bearish deep Gartley setup within the sell zone that give traders an opportunity to engage this bearish Gartley trading opportunity.
Can't wait for this trade to set up and most likely it will happen this week or next. Watching it closely.
Spotted Bullish Gartley Pattern to go long around the 141.80 levels
Will be looking to go long at these levels
However if the price moves higher towards the resistance levels (143.70/144.00) there could be an opportunity to short all the way down to the completion of the Bullish Gartley
Bullish Bat forms on previous support, great consideration to long. Target1 1:1, trade already engaged.
THis trade I will be taking the traditional targets and let's see how this trade develop.
In this extreme situation, I would love to see a bullish engulfing candle for trading confirmation.
Great Reward: Risk for this setup and really love to see how this opportunity develops from here.
This trade is pretty much considered as a counter-trend trade.
A trend trading opportunity is still valid for me, having this bearish Gartley formation on EURUSD, gives a fantastic opportunity to hop in for a shorting opportunity.
Why so? Point D completed within the previous consolidation which also add in a strong resistance.
Many of times traders ask if what I learn in stocks can apply in Forex, my answer to that is YES, if you understand the mechanics and you have a tested strategy.
When the same question was asked for knowledge in Fx traded in Stocks? Guess what's my answer?
Yeap its the same and you have to look in your strategy.
This trade is long on support base off support...
Looking to short GBPUSD aggressively on this. Bearish Shark complete within the sell zone and on my 2nd target I'm looking for an extended target.
Check out my profile page and click on the link to redeem the video version of the analysis
Previous week, the pair completed a Bearish Gartley Pattern
Currently forming a smaller Bearish Bat Pattern
Looking to take a short when the price tests the Gartley PRZ and completes the smaller Bat Pattern
As GBPUSD creates a series of lower-high, I'm waiting for shorting opportunity through retest of upper trendlines or a harmonic pattern to engage the trade.
