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U.S. DOLLAR / SGX

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USDSGX trade ideas

USDSGD Rare OpportunityHey traders, I hope everyone is doing well and have had a fantastic week so far! Just doing my evening analysis and this wildcard is shaping up very nicely to the downside. It is rare that we get so many positives for one trade but this is one of them times so I'm keen to see how the market plays out tomorrow. This one could shape up while I'm asleep which I'm well aware of and I'm happy to accept but if I wake up during the night, I have a clear game plan on how I want to enter the trade so there'll be no hesitation on my side. This is why having a clear game plan for each scenario is so important. I'd love to hear your thoughts on this trade, if you're looking at something similar or something completely different. Please feel free to comment below.
Short
by JoshThomas04
2
Don't miss the great buy opportunity in USDSGDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.4162). 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 uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 65. Take Profits: TP1= @ 1.4300 TP2= @ 1.4402 TP3= @ 1.4635 SL= Break below S2
Long
by ForecastCity
10
Don't miss the great buy opportunity in USDSGDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.4162). 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 uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 65. Take Profits: TP1= @ 1.4300 TP2= @ 1.4402 TP3= @ 1.4635 SL= Break below S2
Long
by ForecastCity
16
USDSGD SHORT...could be a hidden gem 💎HTFs - the weekly structure shows a clear sideways channel with major highs broken and signs of a bearish reversal to downside. Now forming a continuation structure with a slight descending angle. Price action pretty clean with identifiable patterns | LTFs - the angle is descending suggesting upside, but that's only part of the story. The structure is clear and there is a clue in the ascending running channel forming at the end of the pattern. Note, this also has a clear middle section increasing reliability of the pattern | ENTRY - if price breaks that mini high correctively and rejects at the top of the running channel/larger descending structure, I'll be aggressive with my entry. If price is impulsive on approach to edge of structure or breaks structure, I'll wait for the market to show a signal it's turning bearish
Short
by CourtneyCharles
7
USDSGD long trade idea (update!)Plan : trendline and resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
3