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Eur-sgd

EURSGD a long call 🦐EURSGD on the daily chart consolidates over a strong support area. The price recently broke the descending trendline and is now testing a daily resistance. According to Plancton's strategy IF the price will break above and satisfy the ACADEMY rules we ill set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
2
EURSGD Educational descending channel🌟we didn't check the fundamental news as we want to focus on a technical format education in this idea and rely on that 🌟we decided to teach this format in an elementary level that can be used by majority and all you need is basic info about technical analysis 🌟the descending channel is the parallel channel which trapped our chart and currently retested several times both in dynamic resistance and support 🌟you can also see 2 highlights a green and a red respectively, first of all you have to know that charts want to stay in the value they averagely consolidate which is mainly referred as high EMA (like EMA 200) and if you plot that in any chart it gives you the information from last 200 candles average value that the chart consolidates 🌟both green and red highlights starts and ends mostly in their own bias and created a cycle (perfectly clean in this chart) but there is something wrong! the red highlight is stretch more in time and also in candle power if visually checks! we said the chart wants to stay in the range it consolidated before! so the chart needs some green candle to cover the bleed right! 🌟to make sure you are doing this right you need to check higher time frames and zooming out the chart to recheck the "tend of the chart" which is answered by a simple going up or down, if the answer was the same as our need (in this case we needed green candles so we expect a going up as an answer here) we can continue and enter position, although there are always exceptions but as we told in the beginning we are going in an elementary level not more (yeah we all know that in long term analysis we won't go this way, this simple and with lack of data) 🌟for entering this kind of position simply follow the parallel channel and try to enter and exit from the edges 🌟a 92 pips trade in forex among the crypto trades seems profitable, fun and educational. hope we could teach you something (even if negligible) ---------------------------------------------------------------------------------------------------------------- If you want to see more and more from these 💎 free signals: 🙏 Help us grow then Each individual support counts 🙏 Tell us what do you like to know about the market and how do you see the forecasts Share us your opinion ---------------------------------------------------------------------------------------------------------------- 👉This idea has the confirmation of "advanced price action" 👍 👉Follow us and invite your friends too, this way we can share ideas and signal to anyone we care 👍 👉Hit share and spread the information in public chats or your twitter for everybody to get profit 👍 👉Tell us what's important for you in the market or what asset makes a difference in your investment basket 👍 📝Did you know money management and risk management are as important as your entry and exit point of a chart? 💰Plan a Trade before a Trade💰 💸Develop a strategy before you enter position your strategy have to be a combination of money management + risk management + time management and profit management (the famous MRTP method made exclusively by our team💎) Trade well ❤️
Long
by the-crypto-analyzer
💡Don't miss the great sell opportunity in EURSGD Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.62151). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURSGD is in a downtrend, and the continuation of the downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 36. Take Profits: TP1= @ 1.61337 TP2= @ 1.60841 TP3= @ 1.60507 TP4= @ 1.60003 TP5= @ 1.59573 SL: Break Above R2 ❤️ 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 ❤️
Short
by ForecastCity
3
💡Don't miss the great sell opportunity in EURSGD Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.62151). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURSGD is in a downtrend, and the continuation of the downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 36. Take Profits: TP1= @ 1.61337 TP2= @ 1.60841 TP3= @ 1.60507 TP4= @ 1.60003 TP5= @ 1.59573 SL: Break Above R2 ❤️ 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 ❤️
Short
by ForecastCity_World
8
EURSGD will it break below? 🦐EURSGD after the last impulse until the 1.61500 got rejected and sharply moved back to the support area. IF the market will break below, according to Plancton' strategy, we can set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
6
EURSGD will break the range 🦐EURSGD on the 4h chart after a double bottom over the weekly support, started a range move between 2 structures. According to Plancton's strategy, if the price will break above, we can set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
8
EURSGD rejected by historical trend line 🦐The market after the recent rally got rejected by the historical trend line in red. Now the price broke and retested the support line and currently trying to break the structure at the 0.382 fib level. IF the market will mange to break the structure we can set a nice short order according to our rules with a possible target around 1.551 or 0.618 golden ratio. ––––– Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Short
by InkyGrip
EUR/SGD 1H Chart: Two scenarios likelyThe Euro has been depreciating against the Singapore Dollar since the end of September when the pair reversed from the upper boundary of a long-term channel at 1.6080. Currently, the pair is testing the lower channel line located at 1.5691. Given that the rate is pressured by the 55-, 100– and 200-hour SMAs, it is expected that a breakout south from the channel occurs soon. It is likely that the currency pair aims for the Fibonacci 0.00% retracement at 1.5518. However, if given channel holds, a reversal north might occur in the nearest future, and the pair could target the Fibonacci 38.20% retracement at 1.5872.
by UnknownUnicorn890690
EUR/SGD 1H Chart: Bearish momentumThe Singapore Dollar has been depreciating against the European common currency since the end of September. This movement has been bounded in an ascending channel. As apparent on the chart, the exchange rate is also trading in a long-term ascending channel. The pair has already reversed from the upper boundary of the senior trend at 1.6080 and currently is aiming for its lower line near 1.5720. Given this fact, a breakout from the junior channel might occur soon. It is the unlikely case that some bullish pressure still prevails in the market, the Euro should not exceed the Fibonacci 50.00% retracement at 1.5982.
by UnknownUnicorn890690
EUR/SGD 1H Chart: Short-term increase expectedThe EUR/SGD exchange rate has been trading in an ascending channel for the last two months. This pattern was formed when the pair reversed from the senior ascending channel at 1.5627. Given that technical indicators still remain bullish in the short term, it is likely that the Euro goes upper the following days. A possible target is the upper boundary of the senior channel. It is the unlikely case that some bearish pressure still prevails in the market, the Euro should not exceed the monthly S1 at 1.5835.
by UnknownUnicorn890690
EUR/SGD 1H Chart: Breakout south expectedThe European common currency has been ranging against the Singapore Dollar since late June. This movement has been bounded in between the 38.20% and 50.00% Fibonacci retracement lines at 1.5860 and 1.5972, respectively. This movement sideways is a part of a larger-scale ascending channel near whose bottom boundary the rate was trading at the time of this analysis. The Euro’s failure to accelerate from this line could be an early indication of a subsequent decline. This scenario would be confirmed if the senior channel is breached circa 1.59. It is a strong support level, as the SMAs on both the 1H and 4H time-frames are located there. In case of a bearish breakout, the pair is likely to target the 55– day SMA and the monthly PP at 1.58 within the following two weeks.
by UnknownUnicorn890690