AUDSGD is currently sitting on a solid longstanding 3-year support range. 0.90 price area has been a major order block support and a bounce is expected from the current price range.
Weighty volume accumulation has been spotted this last few days / weeks conveying that a trend turnaround is about to commence. Pricewise, the pair is hovering at 1.0 FIB level --...
Possible Swing trade in direction of current uptrend if price bounces off support.
Well defined stop loss /trade failure level being the break of the trend line and a possible longer timeframe reversal
The Singapore dollar appears to be weaker against several pairs. I believe the "cleanest" setup is on the AUDSGD pair, but this signal also exist on the EURSGD pair as well.
Price makes a new lower low.
Price fails to push to new lows, confirming that the previous low point holds up.
The third test and failure of forming a new lower low is a good indication...
Conventionally a Bullish breakout pattern but might be advisable to wait for test of either edges before determining direction.
Use the entry of the opposite direction as the stop-loss level.
AUDSGD to test first resistance level in a down trend.
If it penetrates second level could signify longer term reversal otherwise likely to test the 0.860 round number lows of October prior to upcoming consumer/business confidence news on 13th
FOREXCOM:AUDSGD has been trading in a range since mid-August. Price not only broke above the upper range boundary but it also remained closed above it in today's session close.
As long as price remains above this breakout level at 0.8765, a structural reversal is underway. Since this breakout move and how it closed off, I remain bullish with an upwards...
AUDSGD has continued to weaken and has now retraced the prior bullish impulsive leg by almost 78.6%.
I'm looking for a potential halt to the decline circa 86200/86300. I will be looking for reversal setups in the zone.
The trending indicator on the chart is now flagging multiple positive divergence, however that is not a signal in of itself. Only price can...
This pair has formed a bullish Gartley pattern which suggests an upward movement. Also, it was bouched back from the potential reversal zone at point D. Now, it has started to print HHs and HLs. We will take entry on the breakout of the last HH with a stop loss on the last LH.
Macro change in AUD vs SGD, golden pocket reacted nicely for a higher low & beginning of up move for the right shoulder of the inverse head and shoulder. There are 3 decent trades here: Inverse H&S, Algo and pitchfork reversion. looking for a pullback for an easy entry with tight stop but could also enter here for a decent R:R
Key points:
Reversion to the...
Hello Guys,
This pair is not so popular amongst forex traders but I do trade it sometimes and I might present a good short opportunity soon.
Price just created and hunted buy-side liquidity on its way to a daily order block which if it holds, will present a good shorting opportunity. There is also a weekly FVG just above the daily order block.
I would be...
Hello Guys,
This pair is not so popular amongst forex traders but I do trade it sometimes and I might present a good short opportunity soon.
Price just created and hunted buy-side liquidity on its way to a daily order block which if it holds, will present a good shorting opportunity. There is also a weekly FVG just above the daily order block.
I would be...
