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AUD/SGD

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AUDSGD trade ideas

AUD/SGD Continued SELL (New FIB Idea)On June15th I published an idea to go short on this pair. That has worked out so far but what about potential targets. The initial move up from 19th March, I think has hit the top. A sub move from 18th May in mini waves has completed and so I think the selling should continue. The rate of the selling retrace is slow and unconvincing at the moment. Therefore, there may well be moves back to the the top again. I do however think though that overall, the move will be down to the FIB23% line for the larger move which so happens to be the fib 61% of the sub move. Looking forward to see how this idea works out.
Short
by nelsyboy
5
Don't miss the great buy opportunity in AUDSGDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.9247). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDSGD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 68. Take Profits: TP1= @ 0.9353 TP2= @ 0.9433 TP3= @ 0.9548 SL= Break below S2
Long
by ForecastCity
19
Don't miss the great buy opportunity in AUDSGDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.9247). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDSGD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 68. Take Profits: TP1= @ 0.9353 TP2= @ 0.9433 TP3= @ 0.9548 SL= Break below S2
Long
by ForecastCity
19