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Tweezer Top indicates reversal of trend to Bearish. SHORT Trade is on. Buy from Market and then adjust S/L and T/Ps. Keeping risk to 1%
After having completed 5 waves up from Sep'22 to Jul'23, EUR/SGD is coming down in what is likely a corrective ABC move, in which the A wave and B wave (in the form of an ABCDE correction) are already complete. A C wave is now due which would ideally take the rate down to the 0.618 retracement of the 5-wave move up at 1.416 SGD per Euro.
Similar structure to the AUDSGD trade idea I just published, but I have a few more points to add here. I was originally short this pair. I attempted to make another attempt to enter short and ended up taking out a loss. Since price broke to the upside of this range, my directional bias has changed from bearish to bullish. Momentum picked up nearing last...
EURSGD Bullish Trend with HH/HL. Chat contain Entery Point, Stop Loss and Take Profit
EURSGD Trade Setup Entry: 1.44931 Stop Loss: 1.44725 Take Profit 1: 1.45709 Technical Analysis -Price has been in the weekly area of liquidity. -4H and daily charts have already shifted. -Price was self-liquidating on lower timeframes.
Hi traders, As of this moment I'm starting to see bearish behaviour. We are below 200ma on the daily and we have hit 50% Fib. Only problem is we are at a key Support level. If we break below that it will be a water fall.
Hello Guy, Looking to trade EURUSD but are in doubt, just look at this pair instead it's well structured. Have a profitable week. Follow for more updates like this. Cheers, Jabari
EURSGD started consolidating at the beginning of September and then broke below this range 14 days later. Price retraced back to the lower boundary of the previous range and is currently holding below. This is a good indication that selling pressure remains strong. As long as price is holding below this range, a swing trade potential is possible.
EURSGD has printed Bullish AB=CD Pattern on 1HR chart. Entry Point along with Stop Loss are marked on the chart. Divergence is visible on RSI.
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.
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.
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...