AUDSGD trade ideas
AUDSGD: Bearish Crab Bearish Crab
TP 1 = 0.9913
TP 3 = 0.9863
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AUDSGD SELL LIMIT POTENTIAL TRADE IDEA
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied
AUDSGDPossible move on Australian Dollar vs Singaporian Dollars. We have been selling since price broke out of the box. We expect more sell, all things being equal.
Decision Point for AUDSGDAUDSGD has staged an incredible recovery since March, and is now facing strong resistance at the psychological 1.00 mark. If you were long since the late 0.80s or early 0.90s as I am, now might be a great spot to take profits.
From the looks of it, it might possibly consolidate over the next few months (which it does seem like it is forming a cup and handle pattern), or break out and upwards to face the next major barrier at 1.10. Either way, things are looking bullish for AUDSGD long term.
Price Finally BreaksWe discussed this market in the weekly trade ideas last week and how price was strangled within a tight range and box pattern.
Price has finally broken out of this consolidation and exploded higher.
The breakout traders who made this trade would not be sitting on handy profits whilst others could be looking for a second chance entry.
If price rotates lower back into the old resistance it could look to act as a new price flip support level for long trades.
Sideways Box Still Yet to BreakThis pair is currently stuck in a sustained period of consolidation and is trading within a very tight box.
Aggressive traders could be looking to find trades from the resistance and support levels on the smaller time frames until these levels break.
More conservative traders should be sitting on the sidelines until there is a clear break and more free-flowing price action begins forming.
AUD/SGD Long This Pair !This is my view on how this pair will playout.
Thanks for viewing ! This is not financial advice , please consider your own DD and RM.
More upside potential for AUD vs. SGDBullish w-like re-accumulation patterns..
PRISM Oscillators Analysis
Stoch-of-pRSI in Oversold state atm
Snap-Oscillator pierced into the positive and heading higher.
AJ-ribbon (acceleration/jerk) heading up (in response to the positive Snap-osc), which in turn is pulling the momentum up..
Continuation from my previous analysis awhile back:
AUD/SGD Bullish Target!Thanks for viewing ! This is not financial advice , please consider your own DD and RM.
