EURSGD
EURSGD Powering up.The EUR/insert you favorite asian currency pairs seem to be doing fantastic here. EURSGD is no exception, as we are clearly in impulse. I 've annotated FibGoals in green, red is invalidation. Good luck all! This is not financial advice, please do you own research and for chrissake's think for yourselves.
EURSGD long-term top-down analysisHello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: EURSGD is approaching a strong resistance in blue so we will be looking for sell setups.
EURSGD is forming a trendline in red, but it is not valid yet, so we will be waiting for a third swing to form around it to consider it valid.
Trigger: Waiting for a momentum ca ndle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish, and can still test the blue resistance before going down, in this case we will be looking for sell setups on lower timeframes.
As price approaches our lower green support, we will be looking for buy setups.
Good luck!
💡 Two buy opportunity in EURSGD, Mid-Term & Short-TermMid-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.5928).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURSGD 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 50.
Take Profits:
TP1= @ 1.6100
TP2= @ 1.6254
TP3= @ 1.6305
TP4= @ 1.6440
TP5= @ 1.6785
SL= Break below S2
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Short-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.5941).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURSGD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 61.
Take Profits:
TP1= @ 1.6040
TP2= @ 1.6100
TP3= @ 1.6170
TP4= @ 1.6249
TP5= @ 1.6311
SL= Break below S2
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💡 Two buy opportunity in EURSGD, Mid-Term & Short-TermMid-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.5928).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURSGDis 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 50.
Take Profits:
TP1= @ 1.6100
TP2= @ 1.6254
TP3= @ 1.6305
TP4= @ 1.6440
TP5= @ 1.6785
SL= Break below S2
------------------------------------------------------------------------------------------------------------
Short-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.5941).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURSGD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 61.
Take Profits:
TP1= @ 1.6040
TP2= @ 1.6100
TP3= @ 1.6170
TP4= @ 1.6249
TP5= @ 1.6311
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 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 ❤️
EURSGD - BUY - 4H SupportEURSGD - BUY - 4H Support - BUY LIMIT ORDER
BUY LIMIT ORDER @ 1.59192
Stop Loss @ 1.58792
Take Profit @ 1.60505 reward-to-risk ratio 4 : 1
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🔺 Disclaimer! The content of this analysis is subject to change at any time without notice.
🔺 It is provided for the sole purpose of assisting traders to make independent investment decisions.
🔺 You must do your own research to create your own trading plan for the market.
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EURSGD resistance turning into supportIn this clear uptrend, we can identify a triple top once the prices overcame that important resistance level (on the left side) which to me can turn into a solid support now. Let's wait for the prices to retrace from the last descent to enter a safe trade with a nice r/r ratio (2.60).