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Singaporeforextrader

EUR/SGD 1H Chart: PennantEUR/SGD 1H Chart: Pennant The common European currency is advancing against the Singapore Dollar in a little pennant pattern that formed in the result of announcement of information on the US CPI last Friday. Since the pair is moving in a continuation pattern, then breakout is expected to occur in the northern direction. The length of the subsequent rise might amount to 50-60 basis points, which coincides with the updated weekly R1 located at the 1.6155 level. This scenario is additionally supported by the pressure exercised by the 20- and 200-hour SMAs as well as the 55- and 100-hour SMAs plus the weekly PP at 1.6052. Moreover, 71% of traders hold bullish positions on the given currency pair, while 65% of pending orders in 100-pips range are set to buy .
by UnknownUnicorn890690
AUDJPY BEARISH BAT and BEARISH ABCDAUDJPY on a DOWNTREND here, identified 3 possible SHORT ENTRIES Advanced Pattern A possible BEARISH BAT PATTERN. ENTRY @89.26 (Purple line) ABCD Pattern Using XA as the impulse leg, i identified ENTRY ZONE 1, between the 71.8 and 61.8 RETRACEMENT OF XA. However, i do not feel that this entry zone will be hit, given that it has already been tested 4 times. But hey who knows? ABCD Pattern This entry is the one i have most confidence about. i have identified ENTRY ZONE 2, between the 71.8 and 61.8 RETRACMENT OF BC. While there is a lack of structure for confluence at this level, if price does manage to retrace to this zone, it will be a ideal point to SHORT, with STOPS above B
Short
by xerxeschongxian26