💡Don't miss the great buy opportunity in USDSGDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.3463).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDSGD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 72.
Take Profits:
TP1= @ 1.3508
TP2= @ 1.3549
TP3= @ 1.3605
TP4= @ 1.3668
TP5= @ 1.3713
SL= Break below S2
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USDSGD
USDSGD looking up 🦐USDSGD on the daily chart is trading between 2 narrowing trendlines.
The price is now moving in a bullish momentum and according to Plancton's strategy if the market will break above and satisfy the academy rules we will set a nice long order.
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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.
USD/SGD, AUD/CAD and AUD/USD on watch for me today.USD/SGD:
• If price pushes down below our most recent low, it does so impulsively 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.
AUD/CAD:
• If price pushes down to and ideally just below our lower rayline and it does so correctively, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour or a fifteen minute rejection from 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 down to and ideally just below our rayline, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and 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.
USDSGD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDSGD reacting from the resistance area and approaching supportUSDSGD is reacting from its channel and the first part of the Extreme Impulse Wave harmonic pattern which should lead us towards 1.3440 from where a long opportunity could be established. Hopefully the RSI-ATR indicator should be close to support by the time we reach 1.3440 the potential reversal zone of the harmonic pattern and the lower part of the channel.
USDSGD: retest of the level 1.35651And so, in general, it cannot be argued that the US dollar clearly dominates the Singapore dollar. Nevertheless, at the moment the situation allows entering into a potentially good BUY, which would take place (apparently) within the framework of the retest of the level 1.35651.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
USDSGD: BUYBased off of higher time frames, especially on the Daily time frame, we can see that our Relative Strength Index shows an obvious time to sell on this pair. As you see can also see from the Fibonacci drawn on the daily time frame here, price can expect to hit the 50.0 level for bulls to enter and to eventually take profit around 1.40028 price.