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SGDUSD

USDSGD Channel Up trading strategyWe haven't looked into the USDSGD pair in a long time (May 16), with the last idea giving a great bullish break-out signal: The pair has since entered a Channel Up pattern, with the latest bullish leg since July 14, just reaching the top (Higher Lows trend-line) of the pattern. This is also the 0.5 Fibonacci retracement level from the 2022 High. As long as the price trades under it, we will be short, targeting the 1D MA50 (blue trend-line) at 1.36250. If the 0.5 Fib breaks, we will close the sell and go long instead, targeting 1.38600 (Resistance 1). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
USD/SGD, NZD/USD and AUD/USD on watch for me today.USD/SGD: • If price impulses back down below our upper rayline, it does so in a convincing manner and a subsequent tight 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. NZD/USD: • If price pushes back up above our lower rayline, it does so impulsively and in a convincing manner and a subsequent tight 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. AUD/USD: • If price pushes back up above the lower trend line of our most recent piece of structure, it does so impulsively and in a convincing manner and a subsequent tight 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.
by StewySongs
2
Sgd/Usd (Im Selling)I have 2 trades open. They are both at only 0.01 My 2 take profits are on the chart. This chart is very clear! Price made many tops on the daily and has started its move down. If you trade this big , you could get caught in days of ranges , get aggervated and close the trade that should be a winner , but was a loss instead. This kind of trading has changed the way I have been trading as I was losing many trades and now im starting to win trades as I trade smaller , hold longer, and sleep at night. The longer I stayed awake , the more i messed up! So i learned that I was always the problem and not the markets. Everyone has losses , its part of this. Everyone has losing weeks. But trading as small as i possibly can has actually changed my trading for life.
Short
by RlcTrading
1
SGD/USD watching for the next tradeIf you would like to speculate a little bit, this can be your next trade. SGD/USD is at a weekly 61.8 Fibonacci level. This level is also known as the golden level, meaning that if we have the price above the same level, we are in an uptrend, and vice versa. I will take a closer look at future market development and RSI 40 level. If the price holds above 61.8Fibonacci level and when RSI shows me some strength to hold his value above 40 levels, then I will shoot.
by DejanDjekic