Trend line set up from mid 2014 under threat. Has found support and bounced off potential neck line. Interest in this pair if when - we get up around 1.42 - or dance 1.39 support
Break down through the bottom of the wedge. This is a higher time frame than my usual trades; not 100% conviction on the shape of the wedge. Moving averages are clumped and range has recently tightened.
I opened at market open sell order 2 at 1.3912, basket SL at 1.4070
I opened sell order 1 at 1.4070 SL: none
Waiting for bull back for long play Possible entry around 1.3960-1.3910 StopLoss :1.3770 Targetprofit: 1.5146
Im looking for this wedge pattern to complete in order for me to make my final decision on this pair. Long Setup USDSGD has been on a decent run for a while now. By what looks like a sharp incline, the momentum looks like as if its slowing down or perhaps ready for another push? 1. If the pair brakes the wedge on the upside and makes a strong close above...
Ichimoku on 1H chart as shown is nearly ready for a sell setup. Waiting on Kijun traversal of the cloud. Note that in higher timeframe (4H), it's still in the upper part of the cloud (so basically you would not enter a short) however the Kijun was just broken by the PA so we may expect a downtrend towards the upper part of the cloud. You may want to have a look...
Investors flee the riskier Singaporean Dollar for the "safer" United States Dollar.
If and only if the daily trend breaks down. Sell on retest and break.
With the next fed policy coming along, it seems as if the Dollar will gain momentum once again particularly with this pair as investors may find the USD attractive after the next meetings announcements. The Histogram shows bulls rebuilding strength is it breaks out of the R/Trend very soon. As for the chart, a HS Pattern upon completion with the daily trend AND...
Double TOp Broken Double Top Nechline Broken Inner TL Target 1,387
This is an interesting portfolio. Will these pairs follow USDCNH's lead? Is this the beginning of a new fundamentally backed intermediate term trend? Or just a very nice short term short? Setups on chart, we will cover these in our skype group's discussions. If you want live updates and more information, make sure to contact me via pm or skype. I provide signals...
There's a distinct possibility that we will see either a major correction or a larger scale reversal in this pair, in 3 weeks or sooner, according to the methodology that I use, which is time at mode. For the channel enthusiasts, we got an intermediate term downtrend channel top upper barrier above, in the area of very strong resistance, which I derive from my own...
Interesting developments in this pair, unlike SGDJPY, seems like the uptrend can resume from here. Price found support at a strong level from the previous uptrend, and came down forming 7 waves, an ABCXABC correction. If we see a move off this consolidation, which is strong enough, I'll try to go long asap. Good luck! Ivan.
I think this pair has topped for some time, and is currently about to start wave C of a corrective decline (IF the corrective structure that followed the first impulse down is indeed an expanding triangle B). We have a strong monthly resistance level slowing down price, and a time at mode price projection matching this top area. I'll wait for a clear opportunity...