EURSGD trade ideas
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.
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
EURSGD daily short breakoutPrice has broken and closed below the trend-line (support) on the daily. It may drop from here, or make a small correction then drop. or as always, could be a fake-out and tomorrow it may return above the trend line. Not sure I like this setup too much but it has potential.
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.E4 STRUCTURE
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
EUR/SGD is bullish on 3h chart.Profit Targets:
1.57600
1.58000
Stoploss:
1.56000
Have a nice day,
Berk
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE. E4 STRUCTURE UPDATE
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
E5 STRUCTURE 38.2% & POSSIBLE 61.8% Retracement LONG GWAVE. E7 STRUCTURE, WAITING FOR CONFIRMATION!!! BE CAREFUL.
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
EURSGD: Near a 1W Higher Low. Long.The 1D Channel Down (RSI = 43.604, Highs/Lows = -0.0005) is approaching 1.57500 which is a Higher Low on the 1W Channel Up (RSI = 47.255, Highs/Lows = 0.000, STOCH = 63.835). That is a prime long entry and can be split for three targets: the two previous Higher Highs = 1.6000 and 1.6110 and the next projected Higher High = 1.6200.
EUR/SGD 1H Chart: Bearish momentumThe Singapore Dollar has been depreciating against the European common currency since the end of September. This movement has been bounded in an ascending channel.
As apparent on the chart, the exchange rate is also trading in a long-term ascending channel. The pair has already reversed from the upper boundary of the senior trend at 1.6080 and currently is aiming for its lower line near 1.5720. Given this fact, a breakout from the junior channel might occur soon.
It is the unlikely case that some bullish pressure still prevails in the market, the Euro should not exceed the Fibonacci 50.00% retracement at 1.5982.
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.
FIB Retracement Percentage is calculated in a Higher Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
EURSGD - Strong supply/structure levelTook a SELL trade as I am bearish biased on this pair.
That 1.600 supply area has held quite well.
The last couple of 4Hr bars came in strong to push price down.
Let's see how this pans out.
