EURSGD trade ideas
Eyes on the short EURSGD** Wait for the entry before taking this one **
Chart - EUR/SGD
TF - Daily
Likely duration of trade 3 days - 4 weeks
1.Trend in play ? Yes we can see from the open EMA ribbon we have gauged bearish trend this has been ongoing for months
2. Entry - Not just yet we should be looking for some more bearish evidence on price close data from the D1 candle, we need evidence to trigger
3.SL - 15353
4. TP - 15100 level
5.RR At least TBC we need to view entry price first
6. Support factors - Continued long term bear trend, price has respected both dynamic and non dynamic resistance this suggests this time it should repeat
7. Rating 8/10
Dream pips
4h EURSGD AutoUFOs™ Trade Alert! 10 Apr 2019Execution:
Buy Limit @ 1.5235
Protective Stop Loss @ 1.5190
Take Profit @ 1.5325
Rationale:
Buy Un-Filled Orders (Green UFO ) available in the 4h time-frame
Sell Un-Filled Orders (Red UFO ) further above allowing for the current trend to continue developing
Boosting Options:
Higher time-frame moving average values or Fibonacci retracements coinciding with the entry price
Confirmation-style Market Order execution after waiting for price to travel in and out of the entry UFO
4h EURSGD AutoUFOs™ Trade Alert! 10 Apr 2019Execution:
Buy Limit @ 1.5235
Protective Stop Loss @ 1.5190
Take Profit @ 1.5325
Rationale:
Buy Un-Filled Orders (Green UFO) available in the 4h time-frame
Sell Un-Filled Orders (Red UFO) further above allowing for the current trend to continue developing
Boosting Options:
Higher time-frame moving average values or Fibonacci retracements coinciding with the entry price
Confirmation-style Market Order execution after waiting for price to travel in and out of the entry UFO
EURSGD rebound opportunityThe EUR has taken heavy hits on Friday and dropped across the board. The outlook might be a negative one after all. But experience tells that there is most likely a temporary rebound before the way down continues. Trading the rebound requires good timing and picking the right pair. According to my model the best opportunity is in EUR/SGD. The Friday drop has formed a channel low on the H4 time frame in this symbol. This offers a good risk/return setting with resistance at 5.260 and target at 5.350.