USDSGD
On a large timeframe (1D-1W), we see an ascending channel. USDSGD successfully tested the support line. We are now near the local resistance line and under weekly MA. Liquidity zone, magnet - 50% Fibonacci level.
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Hold or break, wait for market cue...
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The analysis shared through this channel are purely for educational and entertainment...
H1 time frame.
Structure: uptrend.
AUDSGD retested Key level at 0.99000.
Here, wait for a confirmed bullish pattern to appear, then you can enter a buy order.
The profit target is the 1.00200 zone.
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Based off of higher time frames, especially on the Daily time frame, we can see that our Relative Strength Index shows an obvious time to sell on this pair. As you see can also see from the Fibonacci drawn on the daily time frame here, price can expect to hit the 50.0 level for bulls to enter and to eventually take profit around 1.40028 price.
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🌟we didn't check the fundamental news as we want to focus on a technical format education in this idea and rely on that
🌟we decided to teach this format in an elementary level that can be used by majority and all you need is basic info about technical analysis
🌟the descending channel is the parallel channel which trapped our chart and currently retested several...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.3420).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDSGD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.3420).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDSGD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a...
Watch it closely for a fast quick short?
Hello there!
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
And if you would like to show further support for me, you can gift me some coins on tradingview! 😁
Thank you!
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only....
Hi everyone:
Here on USDSGD, there's potential opportunities for a bearish continuation to happen.
We can see after a strong bearish impulse phase on the higher time frame, price begin to correct within a larger expanding correctional structure.
With a few swing highs and lows, price had a move up, but failed to continue higher. with any further bullish...
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Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.3580).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDSGD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.3580).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDSGD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
