usdpln waitingidek wtf this currency is but that doesn't mean I won't make £ off it lol, wait for either downtrend or support to be broken then trade relative to whichever broke, Boiiiiiiiiiiiiiiiiiii
USDSGD
Break above 110.80 could be the hidden clue to long #USDJPYWatching for the candlestick to close and stay above 110.80 for LONG entry. This would signal a reversal is in play when this criteria is met. Any pullback after the 110.80 close is a buy opportunity. Will stay in the trade through 117.00. It is not a buy yet, prudent to wait until we get a close above 100.80 on 4-hr candlestick.
Similar setups are unfolding in USDSGD and USDPLN as well. Check out my latest trade analysis on them.
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Trade outcome: 30 - 45 days
Surefire Trader's trades are profitable (>90% accurate).
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USDSGD R:R 7:1 Long Swing TradeEnter! We have been monitoring this pair for months, it has finally entered the long area. Very good risk to reward ratio R:R 7:1.
USDSGD LONG term (major trendline breakout+reversal pattern+fib)USDSGD LONG term (major trendline breakout+reversal pattern+61.8% fib rejection)
USDSGD LONG term (major trendline breakout+reversal pattern+fib)USDSGD LONG term (major trendline breakout+reversal pattern+ 61.8% fib rejection)
USDSGD Daily Chart OverviewPotential Running or Expanding Flat in the making and the corrective structure could be ending soon. I''d look for break of structure as confirmation to go long on this pair to complete the "Z" wave
USDSGD: Buy setup on falling wedgePrice is within the daily corrective pattern. Watch the bottom for a possible buy setup, one more up move is possible.
USDSGD LONG!with my itchy hands, i long the position already. although the best position is still yet to arrive.
USDSGD Cup formation (No action as yet)USDSGD is disappointing but I light is at the end of the tunnel for those who USDSGD bias. This is why I'm still bullish with USDSGD. To complete the formation, the handle will curve up to the previous high of 1.45 Let's be patient and wait for the signal.
Ready to shortPrice breaked a support between 1.39 and 1.3920.
Consolidation in a bullish flag to the short aera.
Happy trading
RSI Quick Scan - Forex (aka Fiat)Here is my quick scan of the market.
Of course please don't just buy in Long/Short just because strength shows overbought/oversold.
There is always more room to 0 or 100.
1Day:
AUDCHF - 26 RSI
USDCHF - 29 RSI
USDSGD - 28 RSI
USDDKK - 26RSI
Honorable mentions:
USDPLN - 30 RSI Rising ATR
NZDCHF - 30 RSI
USDNOK - 31 RSI High ATR
EURNZD - 75 RSI
EURSEK - 72 RSI
EURTRY - 67 RSI (Bull Div)
A little extra work defining key candle swings/fib support levels with price alerts tends to pan out on at least one.
I tend to look for:
key candle momentum swings
day close fractals
dbl bottom/top
Singapore 30 Short : Nearing Resistance AreasPrice nearing resistance highs which need to be broken to form the conditions for an up trend to form prior to a higher low.
USDSGD - Bearish Bat Completed on H4 Chart
Price is currently at trendline resistance level
At the same time, a bearish bat pattern has completed
RSI is also at overbought level
Good R:R at 1.8 (TP1) and 3.1 (TP2)
Wait for current candle to close and observe the next candle.
USDSGD - BREAKOUT RETEST OPPORTUNITY ((50% RETRAC LINE))Found a sweet opportunity to enter the market for those who've missed the train for longs.
Spotted a 4-hourly demand zone resting right at the support level. Level was resistance before breakout. quite strong level too.
USDSGD 1hr Reverse Head and ShoulderUSDSGD forming reverse head and shoulder (libra) on the 1hr chart
USDSGD-Potential counter-trend opportunity (WK BULLISH PINBAR)Price reached a support level + weekly demand zone. Produced 2 inside day candles right at the trendline. Wait for the market to give its call. Going long on it's pullback.
USD/SGD Daily Update (11/4/17)USGD price is approaching the resistance level..
I am seeing bearish-ness in this pair and would expect it to drop further.
1.41 would be the key resistance and a decision to move upwards or continue its downwards move.
USDSGD ABCD setup for shortIn general, USDSGD is moving upwards as per my earlier idea but current setup represents a 35-40 pips short term trade.
USD/SGD short setupConsolidations all over the plane showing that a continuation of the move down is very probable. Targeting the low at around 1.40
SHORT USDSGD M1 BEARISH ENGLUFING OF THE 0.61 FIsimple!
monthly view presents second rejection of the weekly 0.61 fib
daily presents a pullback today
h4 presents entry opportunity whn trendline is applied
