EURSGD - 2a - 190126 - LONG - OANDA - AR - 4H - (RRR 8.4)EURSGD - 2a - 190126 - LONG - OANDA - AR - 4H - (RRR 8.4)
EURSGD trade ideas
Ichimoku short setup: EURSGDOn the daily TF, all the Ichimoku signs are bearish. Price is basing at a 52 week low. Traders may place a sell limit order on this pair to get a better entry price.
EURSGD H1 Clean Level and Liquidity pointLooking for a long opportunity upon market retracing back to the liquidity point and last highs prior the thrust candle clean break above the 1.55740 level.
EUR/SGD Hello Guys
On the 4H chart of EUR/SGD we are in the last wave of An Ending Diagonal, therefore when it's finished we should expect that price goes up ..
Corrective waves usually goes to vicinity of previous wave ( 4 ), which is 1.5732.
Consolidation before more down ?Small pennant,
Good R:R => 4
Be patient this might take a while until pennant breaks :)
EUR/SGD Divergence Nice MACD Divergence.
The Euro was deppreciated after a sharp fall in European equities. In addition, FT estimates that the EUR was oversold because of Italian instability and bonds; thus the currency has a potential for upside.
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EUR/SGD is looking for a breakout on daily chart!!!I see bullish divergence at macd and rsi on daily chart for EUR/SGD.
***You should look for a breakout from inclined resistance to put your buy order.
Profit Targets:
1,57070
1,57700
1,58600
Have a nice a day,
Berk
EURSGD Short Daily/H4This is a potential short on the EURSGD pair. Price on the daily is in a down trend and has now broken a weekly support level and printed a an inside day candle just below it which manifests as a pullback on the 4-hour. The market is at equilibrium and price could break this inside candle and continue to the downside. TP would be at the weekly trend-line
EURSGD analysis: Important info. to keep in mind.The 1 hour time frame of the EURSGD is shown in this analysis from October 8, 2018 to current date.
A bearish trendline is used to highlight the current trend on the 1 hour timeframe, with resistance line (overhead supply) indicated by the red line.
Support is currently between 1.55396 and 1.55103. A break below support, especially the 1.55103 price level would indicate continuation of the current bearish trend, however, it is always better to sell on a pull back.
The bearish trendline (in green) was further extrapolated and could possibly provide a ceiling for price after which selling will commence. If not, a retracement to the red line would be anticipated.
Ichimoku short setup: EURSGDAll H4 ichimoku signs are bearish. The same applies for daily TF. For daily TF, span A is pointing downward with a large kumo. This suggests that the market is pretty volatile with a bearish bias. On the H4 TF, price is pulling back to the previous support turned resistance. In TV (Oanda), we are seeing an outside bar formation. Strangely, my Oanda MT4 platform is showing an inside bar formation. Nevertheless, the rules for trading these candlestick formations are the same. Bearish bias is confirmed by %R.
EURSGD long daily/h4This is a long on the EURSGD. Price on the daily has broken out of a trend-line and now we're looking for a pullback (retest) on the 4 hour. There is another trend-line about it and this is where we'll look to TP of exit.
Sell EUR/SGDThis is just a journal for me. I strongly warn you to not take this in your real account. Good luck!
EURSGD Downtrend ContinuationTrade with the trend until it bends. EURSGD is in a obvious downtrend. But I am sure that there will be people out there that says, the trend is overextended and is in the vicinity of a Support therefore, a pullback or reversal may be due. no point shorting this anymore. But what if, the Support breaks?
see, this is obviously how psychological factors and fear hinder you from being a consistent trader. As a trader, we have only 1 job and that is to follow our plan/setup/rules and let the market do the rest. we cannot predict anything with certainty in this game of throne like environment and that is why it is critical that we are certain with our own setup/rules & risk management and let the edge/odds do the job.
just a few days back, I had a similar setup on GBPNZD, my pending order was set but after a day or so, it didnt trigger me in and I had a second thought about it, nothing was wrong then, the setup and rules were still valid but I talked myself out of the trade because I was afraid that the trend is overextended and price may consolidate sideways. looking back at the GBPNZD chart now, indeed i feel like "slpapnig" myself. :D
whether this trade work out or not, it is just another trade.
EUR/SGD 1H Chart: Two scenarios likelyThe Euro has been depreciating against the Singapore Dollar since the end of September when the pair reversed from the upper boundary of a long-term channel at 1.6080.
Currently, the pair is testing the lower channel line located at 1.5691. Given that the rate is pressured by the 55-, 100– and 200-hour SMAs, it is expected that a breakout south from the channel occurs soon. It is likely that the currency pair aims for the Fibonacci 0.00% retracement at 1.5518.
However, if given channel holds, a reversal north might occur in the nearest future, and the pair could target the Fibonacci 38.20% retracement at 1.5872.
