AUDSGD trade ideas
Aud/SGD Long .Friday Trade.Hi All ,
I'm currently long on this . One of my friday trade before the close of the week. as you can see price held previous structure and now we trading inside a rectangle uptrend range.
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AUDSGD short swing trade setupAUDSGD short swing trade setup 1D based on bearish head and shoulders pattern, clear down trend, price action at the top of the channel on 1D testing diagonal resistance . I will consider entering a short position if I see red volume picking up. This idea is not to be construed as financial advice and, trading currencies carries a high element of risk.
AUGSGD LongContinuation trade. Late on a few signals but all continuation indicators are showing a continuation.
Swing: Rejection of higher price on AUD/SGDWe have witness a rejection of higher price as the Friday candle closed. With the 50D EMA acting as resistance, we are looking to short this pair when price retrace slightly further up. It is also another textbook classic of support turned resistance zone.
EP: 0.9752
SL: 0.9870
TP: 0.9590
Good luck in your trading journey!
Best Regards,
Nour Capital - Tracking Smart Money Flow
Disclaimer:
The material (whether or not it states any opinions) is for educational purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by Nour Capital or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
AUDSGD Potential Bearish Swingto be honest, really getting anxious about finding another valid trade setup from the market.
this setup is somewhat acceptable yet not exactly perfect for my trading plan due to the biggg spike. despite saying that, this pair currently sit at a strong area of confluence which makes me believe that there should be enough selling pressure coming soon for price to retest the low again.
Fingers crossed. its just another trade.
AUDSGD: Strong Support Level @ 2016 lowsAUDSGD
Timeframe: H4
Direction: Long
Confluences for Trade:
- Price action at a Trendline Support
- Stochastic Oversold momentum
- Widening of EMA
- Price action is close to 2016 lows, could be a strong support at such levels
Suggested Trade:
Entry @ Area of Interest 0.9675 - 0.9735
SL: 0.9619
TP: 0.9886
RR: Approx. 2.30 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
AUDSGD Short Daily/4hourThis is a potential short on the AUDSGD pair. The daily/weekly is in a very large bearish channel/wedge pattern. Within this structure, price has bounced off the top with strong bearish momentum and is now making a nice pullback into support and the ema's. The manifests as a bear flag on the 4-hour. I may look to go short on a break and close of the 4-hour trend-line and look to take a 100pip move down to the next level of support 0.9765.
HEAD AND SHOULDERS JUST BELOW THE RESISTANCE ZONEWe have a nice 61.8 retrecament and closing above 20 SMA so im long and try follow the move
AUD/SGD: Strong buyA strong recovery move is getting under way after today’s trend breach and recent bullish divergence. A rally towards minimally 0.9980 is expected. With stops below 0.9740 this pair offers excellent opportunities for the near term and potentially the medium term as well.
The current recovery is probably the first leg in a much larger and longer term trend reversal higher. We have entered what amounts to about 50% of our anticipated long position.
Near term trend: positive
Long term trend: neutral
Outlook: potential long-term trend reversal
Strategy: long-entry
Support: 0.9740-
Resistance: 0.9980 / 1.0100* / 1.0140 / 1.0210+
Outlook cancelled/neutralized below 0.9740
AUDSGD Elliott Wave Analysis 4H LONGExpanded Flat corrective wave 2 ABC has finally completed at 0.98428
Now we are at the beginning of wave 3
Take profit 1 @ 1.0165
Take profit 2 @ 1.0240
Take profit 3 @ 1.0265
Stop loss 0.9790
it may take a while to hit the target but it will be worth it.
Just sharing my thought
Sell AUD/SGDThis is just a journal for me. I strongly warn you to not take this in your real account. Good luck!
AUDSGD Elliott Wave Analysis 4H SHORTAs i mentioned before we are looking at a long term major uptrend formation.
For now Long Term wave 1 seems to be completed at 1.00696.
Corrective wave 2 seems to be forming as a 5-3-5 formation as shown above.
Wave B of 2 has been completed at 1.00604 and we are at the beginning of Wave C.
Take profit at 0.9900
Stop loss at 1.0080
Just sharing my thought.
AUDSGD Elliott Wave Analysis 4H LONGAUDSGD is at the beginning of a LONG TERM UPTREND.
For now, currently it is completing wave 5 at the range of 1.0050-1.0065
After that there will be ABC correction.
Take profit 1.0050
Stop Loss below 0.9872 somewhere around 0.9860
Just sharing my thought.
askForex100 AUDSGDA friend of Forex100 asked when is the better time to exchange her SGD to AUD.
Sadly, she needs it by Tuesday 20 Nov 2018. Our take, change it today and you may like to short the currency to earn back the difference.
If you have questions like this just #askForex100, every week we will be choosing 1 question and share our anlaysis on your question, however, this analysis serve an second opinion and shouldn't be used for trading purposes.
Triangle BreakI will be shorting the pullback.
Laddered some buys at the orange and purple lines which are the 50 and 200 MA respectively.
