Price recently re-entered a channel and is currently testing the top of that channel. Due to previous price action I think price will move to the downside. I'm looking to sell if the current daily candle closes with either bearish momentum or indecision. My one and only target will be the very bottom of this channel.
I'm waiting for strong SGD and weaker USD to be in my favour for some exchange rate decision and such analysis are also extended to you. If you are waiting for a stronger SGD, wait for it to hit 1.3502 before you exchange it to USD.
Such movement if it is going to happen, it is best to happen within 6weeks.
Make the analysis all by yourself and do not overtrade....
View On USD/SGD (15 July 2019)
USDSDG is in the mid-term BEAR trend.
I am expecting it to retest 1.356 and 1.352.
In summary, it is too early to call for any long position.
DYODD, all the best and read the disclaimer too.
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USDSGD Forex cross pair is in a clear downtrend creating new supply levels on the way down. As supply and demand traders, we should be interested in trading very strong impulses that end up creating new supply and demand imbalances. Price action together with supply and demand technical analysis is the perfect combination.
Trading is a waiting game where we...
Sell Limit @ 1.3640
Protective Stop Loss @ 1.3680
Take Profit @ 1.3580
Sell Un-Filled Orders (Red UFO ) available in the Daily time-frame
Buy Un-Filled Orders (Green UFO ) further below allowing for the current trend to continue developing
Higher time-frame moving average values or Fibonacci retracements coinciding...
Buy Limit @ 1.3680
Protective Stop Loss @ 1.3650
Take Profit @ 1.3735
Buy Un-Filled Orders (Green UFO ) available in the 4h time-frame
Sell Un-Filled Orders (Red UFO ) further above allowing for the current trend to continue developing
Higher time-frame moving average values or Fibonacci retracements coinciding with...
Fresh Demand Zone
Price showing nice reaction at the level..
I would wait for more green candles before placing my buy.
Precio muestra buenas señales de reacción al nivel.
Esperaría más velas verdes antes de poner mi compra o un patrón más claro de reversa.
In this video update we take a look at the trades that were left open for the week
where they are positioned and how we can manage them.
CADJPY- Breakeven and likely to be stopped after poor retail sales.
NZDJPY- hit targets on 4hr trade, daily still open and in profit.
EURGBP- open and in profit.
USDSGD- open and offside slightly.
EUR/USD is showing a clear downtrend with the hourly chart moving sideways with a bearish tendency. Daily Resistance has been tested once and failed which caused the downtrend to continue. A New H4 Institutional Order Flow Area (aka Supply & Demand) which could push the downtrend further.
The Monthly trend is Bearish
The Weekly trend is Bearish
The Daily trend...
After breaking under the support area the pair has rallied to an important area of resistance from where the price has retraced several times in the past and has formed a big bearish candlestick. I am expecting it to retrace all the way to the support area where the price has bounced from several times in the past