On a large timeframe (1D-1W), we see an ascending channel. USDSGD successfully tested the support line. We are now near the local resistance line and under weekly MA. Liquidity zone, magnet - 50% Fibonacci level.
LEARNING ELLIOTT WAVES IS LITTLE BIT TOUGH (FOR ME IN BEGINNING) BUT I TOOK IT AS A CHALLENGE AND THAT IS NOT IMPOSSIBLE ALSO...
First have an look for the positional trend i shared here previous....if you are a follower of me...and sometimes i will share the counter trend trade also in 15 mins and 1hr...but that is risky ones...so if the...
And so, in general, it cannot be argued that the US dollar clearly dominates the Singapore dollar. Nevertheless, at the moment the situation allows entering into a potentially good BUY, which would take place (apparently) within the framework of the retest of the level 1.35651.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes...
-A lot of potential to the upside.
-Price found support in a strong key level.
-Bullish M pattern.
-Last weekly candle could get filled.
-Bullish M pattern.
-Waiting for a...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Based off of higher time frames, especially on the Daily time frame, we can see that our Relative Strength Index shows an obvious time to sell on this pair. As you see can also see from the Fibonacci drawn on the daily time frame here, price can expect to hit the 50.0 level for bulls to enter and to eventually take profit around 1.40028 price.
Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you.
Good morning all,
I hope you're doing well.
So yesterday I was eyeing up a risk entry within the tight flag that had formed on USD/CHF with the view of riding the bearish momentum to the downside which I believed would likely come into the market now that we'd potentially filled all of the buy and sell orders which were inflating the mid-price up, in part...
Hello Trader, Here is the market analysis for this pair, Let me know in the comment section below if you have any questions, The entry will be taken only if all rules of the strategies will be satisfied.