The 5 EMA has Broken above the 13 EMA on the 4 Hour Time Frame The Fast MA on the Trade Development Index has already broken the 20 implying that the currency pair was over sold Fib Retracement confirms a target to the Long side Take Profit is Derived from Pivots
EURSGD I'm expecting the market to hit the reversal zone of 0.786 area before it continue to its trend. As we can see from other markets EURO gaining strength. Market Confluence: RSI DIVERGENCE Fibonacci Key Level Area Trendline Price Action Elliot Wave
Cup&Handle formation printed during bullish trend and as no divergence seen so it seems continuation may continue after break out and goes upward potentially.
This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
As the chart shows the bearish divergence and also we observe rising wedge pattern hence we can predict bearish reversal
I expect more weakness in the EURO down to that demand zone prior to moving higher back into the swing high.
After Bearish trend printed last LH and LL the trend goes to end and market gone into range. To trade in a range it is better to place both Buy/Sell limit orders to minimize risk.
EURSGD trading in a bullish trend on a 1h timeframe by making a series of Higher Highs and Higher Lows.
This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
Which fib will it land on? I'd say the 0.5 weekly. Crashing through the 0.382
Hi Guys, I'm sure most of you are unfamiliar with this pair, however, this pair has some good price movement at play that could provide nice trading opportunities. We just had a bit of a sell-off for the past weeks as prices entered a strong weekly/monthly supply zone. This sell-off brings the price to a key daily demand zone of which the price is meant to cool...
Pair: EURSGD Analysis: Chart Patterns + Highs & Lows + Impulses & Corrections Directional Bias: Short Entry: Continuation Corrective Structure after the breakout. ⚠️ Do your research and apply proper risk management as nothing is guaranteed in forex trading. As we have often said, this is a high risk venture and past performance is not indicative of future...
Based on the chart, it appears that there is a bullish trend forming as evidenced by higher highs (HHs) and higher lows (HLs). Further analysis using the Relative Strength Index (RSI) indicates that there is currently no divergence present. With this in mind, we recommend taking a long trade with a risk/reward ratio of 1:1. To execute this trade, we suggest...
EURSGD is printed Bullish Flag with projection price of 1.46800
EUR/SGD is in a bullish trend. Expecting the price to continue printing HH & HL!
Closed Trade at Price Level 1.452. Wait for another pullback to the Pivot Point + Trend Line in an uptrend.