Pattern: Channel Down on 1W. Signal: Bearish if a full 1W candle closes below the 1W MA50. Target: 1.35000 (just above the Symmetrical Support Zone). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** Most recent USDSGD signal:
on my previous idea, the setup was reached the stop-loss level and we are trapped inside a triangle pattern. ideally, this pattern might bring the price to go lower but we need more evidence before placing any sell order, here's the plan : Plan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the...
The market after being in a side range between the recent lows and the 0.382 fib retracement level is now looking for a break to the downside. Price got the rejected already twice by the Ema 21 and now bull seem to be in power on all the major usd pair. IF the market will break below the structure at the retest of it we can set a nice short order according with...
First crack at the forex relm trying to make the run up on usd, chose my first trade here usd/sgd order in at 1.39301.
Plan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make...
I entered this trade this morning (29-06 - GMT+2) with a long position, already in profit but I see a good potential for a further development. Be careful at the next resistance level at 1.39825 and at the 200 MA (the one in black in the chart), which could stop the uptrend at approximately 1.40200. Let me know what you guys did in this one and if you already entered.
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I think the price will go down soon and it's a good time to sell. I considered 3 possible TARGETS to close TPs. I think either the downward movement has already begun or after a retracement and touching the "moving average " line, it will start to decline...
The price after a minor retracement broke the rising wedge and retested it. Currently the market is moving into a bearish momentum and price crossed the Ema 21 for short. If the market will break below at the retest the structure we can look for a nice short order according to our strategy with a 1st Tp around 1.37 area. ––––– Follow the Shrimp 🦐 Here is the...
We see a test in both the previous resistance level and trendline. Hoping to see a good upwards trajectory
Nothing is 100% in trading but in my opinion, this pair could be turning bullish. A break above 1.3980 and then above 1.4030 will provide a level of certainty to this view and conservative traders can wait for such "confirmation". I am a bit more aggressive and would like to go long if we get a pullback to the upward sloping trend line. In that case the stop can...
In the USDSGD currency pair, we are seeing the formation of a continuing triangular pattern, so we expect the price to continue to move down and touch the following targets. TP1: 1.38322 TP2: 1.37588 TP3: 1.36853 TP4: 1.34584 If the price goes above the triangle, we expect the price to rise to at least 1.40051. But keep in mind that the probability of a price...
trend is Bulis in lower time frame and higher time frame forming double bottom zone. Watch Candlestick and BUY for upside. ThankYu
USDSGD has confirmed a good pattern SHS. BUY : 1.39700 TARGET : 1.40800 STOP LOSS : 1.39370 Wish you good deals!
I placed Sell limit at 1.398 target 1.377
The Singaporean dollar eyes the lower support level and locks in with determination to drag the US dollar. Bearish investors are taking advantage of the risk sentiment in the global market that’s causing the safe-haven appeal of the US dollar to crumble in sessions. The US dollar to Singaporean dollar trading pair should continue its downward track in the market...