SGDHKD is showing Bearish Trend in 1H Time Frame. As you can see, after making consecutive Higher Highs and Lows, Advancing Phase comes to End. After Advancing Phase, then the price moved in Distribution Phase and after breaking Distribution Phase as I mark it on the chart then it enters the Declining Phase So, the Entry Point will be 5.8177 with Stop Loss of...
Pattern: Triangle on 1W.
Signal: Bullish as the price is pulling back after near contact with the 1W MA50, which has been a bullish continuation pattern n 2016 and 2017.
Target: 5.700 (the bottom of the High Volatility Zone and inner Lower High trend-line).
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The pair marginally broke the 1W Support but so far only on a candle wick. Since it has rebounded back above that danger level, we can consider that the Support is holding. The 1W chart has turned nearly oversold (RSI = 27.767, MACD = -0.073, ADX = 36.545) and we treat this as the optimal buy opportunity for the long term.
The long term pattern is as you see a...
Pattern: 1D Channel Up.
Signal: Bearish as the price reached the 1W Resistance on a similar RSI sequence which previously delivered a drop.
Target: 5.7450 (above the 1D MA200).
Our alert on this pair went off today and presents a nice short opportunity! We always want to first make sure that the position we are taking is not highly correlated with our other positions. Once all of that checks out, we should be good to execute. In this case we have a nice 4 to 1 risk reward setup. We want to set a limit order near resistance and wait for...
Quite Releiable PAttern Bonus is that after a breakout it is having a pullback adding to the longs here
Remember this pair is reciprocal to Usdsgd Pair
Trade With Care.
