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SOYBN/USD, USD/SGD and USD/CHF on watch for me today.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 because an amendment that I made to my trading plan recently based on the testing that I've done is to try and avoid taking reduced risk entries on the break of tight flags when the lower trend line (if I'm looking to get short is sloping downwards) has a notable descending gradient to it. So I was sat with my deal ticket filled in, about to pull the trigger but the momentum came is so quickly that I didn't get chance to place my order. Had I been able to do so then I would have likely been running at around +2.75% profit for much of yesterday with just over +1% of it locked in. But I'm running a business and self-discipline is far more important to me than not missing out, as indiscipline is largely why many traders blow their trading accounts. So I was happy to stick to my plan and let this investment opportunity go without me, safe in the knowledge that trades are often like buses. Sure enough, a little while later the investment opportunity which I was looking for from NZD/USD which I posted yesterday also presented itself and this time I was able to catch the risk entry that I was looking for from the top of the larger flag which had formed and once again, once the orders had been filled at the top of this flag the momentum to the downside kicked in almost immediately as I'd anticipated it might. However swap hours then came and with my stop loss now at break even I had to make a judgement call on whether to temporally put my 1% risk back on the table until the spread which can get pretty wild on NZD pairs had calmed down, which I was happy to do based on what the DXY, other NZD pairs and what other correlated pairs were showing me and once the Asian Session had started and the spread had calmed down I moved my stop loss back to break even. However during the early hours of this morning I was alas wicked out of my position to the pip, but looking at how price is moving it would appear that we're likely moving back up to the top of our lower time frame structure to form an even larger larger flag which I'll be considering getting short on once again most likely tomorrow. So that's a break even trade on NZD/USD for me which Im very happy with which I'll finish documenting and journaling tomorrow and below as always is what I'll be looking for from the market today. Have a great day! SOYBN/USD: • If price corrects and a tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. USD/SGD: • If price pushes down to and ideally just below our upper rayline and the last part of the move is corrective, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour or a fifteen minute rejection from it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. USD/CHF: • If price corrects and a tight one hour flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs
💡Don't miss the great buy opportunity in USDSGDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.3420). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . USDSGD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 40 . Take Profits: TP1= @ 1.3440 TP2= @ 1.3466 TP3= @ 1.3489 TP4= @ 1.3515 TP5= @ 1.3550 TP6= @ 1.3605 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
14
💡Don't miss the great buy opportunity in USDSGDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.3420). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . USDSGD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 40. Take Profits: TP1= @ 1.3440 TP2= @ 1.3466 TP3= @ 1.3489 TP4= @ 1.3515 TP5= @ 1.3550 TP6= @ 1.3605 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
8
USDSGD-Is getting ready for wave C) ? wave 1 completed ?Market Commentary: 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 trend is bearish or bullish, if i am expecting the correction...book the profit there and wait the correction to end and again go with the trend....DONT TRADE THE COUNTER TRADE SETUP...you will took loss too...try to identify the short term pull back and the long term pull back after that took small lots in the short term PB with strict stop and go with big lots in the trend side that is long term. I WONT TOOK ALL THE TRADE PLAN SHARED HERE... Read the market commentary inside the chart what i shared here carefully and try to learn Elliott waves...otherwise its tough to understand the market commentary and my analysis. I wont give a entry, stop loss and take profit in my chart...it is only for EDUCATIONAL PURPOSE and i am sharing how i am analysing the pair and labelling them according to the Elliott wave theory...I AM JUST SHOWING THE TREND HOW IT MAY GO AND MY VIEW(it may wrong too)..so DON'T FOLLOW BLINDLY MY CHART. Take this as a reference and if it correlate to you strategy took the trade as per your strategy...DON'T ASK ABOUT YOUR RUNNING TRADES i wont comment on them and I WONT SUGGEST TO TAKE MY TRADE SETUP. I am a technical analyst based on trendline, channel, fib retracements, expansion, stochastic for divergence, EMA's and MA's are finding the pull backs and MAJOR IS ELLIOTT WAVES...those mentioned above are using as a TOOLS only. I am not a fundamental, sentimental trader...but only the fundamental will boost my technical analysis to reach my target or sometimes it will go against me and then i will manage the trade according to the Elliott waves alternate views...Each and every trade plan i am sharing here has a alternate view and i am sharing only the most probabilities(70-80%) here...sometimes the other (20-30%) may market do..then i will change the wave counts and labelling according to the price action. All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So dont bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
by nmkvijay
USDSGD Short Based off my technical analysis USDSGD has been overall bearish ( measured from monthly chart ) Using my fibs tool the bullish move was only a retrace to 38.2 fib level (measure from weekly chart ). You can see I have my bullish trend line measured. That trend line was broken through, which is a signal for a good sell move. Price also failed to break through resistance level. A double top reversal pattern was also formed at the resistance level. Take profit area can possibly be around 1.31545. Lastly price has to retraced near the double top neckline and where it broke the bullish TL. This will mean that price will be good to buy up until 1.3500 area. If you agree with my analysis please like or comment your input.
Short
by Smartwomanyaz_
6
USDSGD Bearish Reversal, Expect Down Move here Hi everyone: Here on USDSGD, there's potential opportunities for a bearish continuation to happen. We can see after a strong bearish impulse phase on the higher time frame, price begin to correct within a larger expanding correctional structure. With a few swing highs and lows, price had a move up, but failed to continue higher. with any further bullish corrections. Instead it formed a reversal impulse move down, follow by a bearish continuation. This all good indication that the expanding structure has hit the top, and a bearish continuation of the higher time frame is possible. Watch for lower time frame price action to form continuation correction after breaking out to look for entries down the recent lows. Thank you
Short
by jojofang0901
51
USDSGD selling opportunity USDSGD SELL SETUP - USDSGD breached below a bullish counter-trendline - Structure is pushing down - We have a break in market structure - Price is approaching Low of the day (we can expect a pullback to our area of interest marked in as rectangle on the chart) - Trend predilection is (BEARISH) - Momentum (Bearish) - Environment (Bearish) - Plan is to wait for a Short opportunity on USDSGD - Take the trade when your rules are fulfilled A BEARISH MOVE is probable in this market.
Short
by ALPHA_PROJECTION
USDSGD-Will reach 1.34 for b) or triangle or irregular ?Market Commentary: 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 trend is bearish or bullish, if i am expecting the correction...book the profit there and wait the correction to end and again go with the trend....DONT TRADE THE COUNTER TRADE SETUP...you will took loss too...try to identify the short term pull back and the long term pull back after that took small lots in the short term PB with strict stop and go with big lots in the trend side that is long term. I WONT TOOK ALL THE TRADE PLAN SHARED HERE... Read the market commentary inside the chart what i shared here carefully and try to learn Elliott waves...otherwise its tough to understand the market commentary and my analysis. I wont give a entry, stop loss and take profit in my chart...it is only for EDUCATIONAL PURPOSE and i am sharing how i am analysing the pair and labelling them according to the Elliott wave theory...I AM JUST SHOWING THE TREND HOW IT MAY GO AND MY VIEW(it may wrong too)..so DON'T FOLLOW BLINDLY MY CHART. Take this as a reference and if it correlate to you strategy took the trade as per your strategy...DON'T ASK ABOUT YOUR RUNNING TRADES i wont comment on them and I WONT SUGGEST TO TAKE MY TRADE SETUP. I am a technical analyst based on trendline, channel, fib retracements, expansion, stochastic for divergence, EMA's and MA's are finding the pull backs and MAJOR IS ELLIOTT WAVES...those mentioned above are using as a TOOLS only. I am not a fundamental, sentimental trader...but only the fundamental will boost my technical analysis to reach my target or sometimes it will go against me and then i will manage the trade according to the Elliott waves alternate views...Each and every trade plan i am sharing here has a alternate view and i am sharing only the most probabilities(70-80%) here...sometimes the other (20-30%) may market do..then i will change the wave counts and labelling according to the price action. All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So dont bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
by nmkvijay