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Usdsgdshort

USDSGD reacted to its weekly resistance level!USDSGD reacted to its weekly resistance level and playing inside bullish trendline channel, we need price to breakout the support structure before placing any sell order Plan : trendline breakout --> wait for price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
USDSGD short, price reacts to the daily resistance level!Plan : wait for price to bounce off from daily resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
USDSGD forex cross pair supply and demand analysisLet’s have a look at USDSGD forex cross pair using the supply and demand glasses as technical analysis. This forex cross pair has created a very strong impulse on the weekly timeframe around 1.3497 price area that ended up becoming a strong demand imbalance where longs will be possible again. Using our supply and demand glasses it should be pretty clear that the underlying asset, USDSGD cross pair is now very expensive to buy, we do not, we should not buy after a strong rally, it goes against the core principles of supply and demand. Since the bigger picture trend is bullish, we should be interested only in buying USDSGD forex cross pair, but not it’s not possible. You can use this supply and demand technical analysis to plan your trades in smaller timeframes using other strategies, or even taken shorts of the way down. USDSGD is now within weekly supply imbalance around 1.3870, no longs allowed. Planning your Forex trades based on supply and demand imbalances will place you on the right side of the equation more often than not. There are many Forex trading strategies, stick to one and master it.
by AlfonsoMoreno
USDSGD roadmap on daily**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
6
USDSGD forming cypher pattern | A good short opportunityPriceline of US Dollar / Singapore Dollar Forex pair is forming bullish cypher pattern and has completed B to C leg and entered in potential reversal zone. Stochastic is overbought and gave bear cross. RSI is overbought. MACD is turned weak bullish from strong bullish. Volume profile of complete pattern is showing less interest of traders at this area. The price action can drop upto completion of cypher's leg from 0.618 to 0.786 Fibonacci of X to C leg's projection moreover we also have 100SMA support at almost 0.786 Fibonacci. I have used Fibonacci sequence to set the targets: Sell between: 1.39425 to 1.39990 Re-Buy can be between: 1.36557 to 1.35623 (Upto completion of cypher's leg from 0.618 to 0.786 Fibonacci of X to C leg's projection) Enjoy your profits and regards, Atif Akbar (moon333)
Short
by moon333