EURSGD Buy the breakoutLooking at price action we may look to buy when EURSGD break upLongby Kinki_Huang1
EURSGD Nice Set Up, textbook engulfing candleEURSGD a very nice textbook engulfing candle which we are good to go for a sell.Shortby Kinki_HuangUpdated 1
EUR/SGD 1H Chart: Breakout south expectedThe European common currency has been ranging against the Singapore Dollar since late June. This movement has been bounded in between the 38.20% and 50.00% Fibonacci retracement lines at 1.5860 and 1.5972, respectively. This movement sideways is a part of a larger-scale ascending channel near whose bottom boundary the rate was trading at the time of this analysis. The Euro’s failure to accelerate from this line could be an early indication of a subsequent decline. This scenario would be confirmed if the senior channel is breached circa 1.59. It is a strong support level, as the SMAs on both the 1H and 4H time-frames are located there. In case of a bearish breakout, the pair is likely to target the 55– day SMA and the monthly PP at 1.58 within the following two weeks. by UnknownUnicorn8906903
Long EURSGD: Sign of strengthEURSGD showed a sign of strength last week and continued today. I will wait for it to retest the trading range and enter a long trade. Entry: 1.57675 TP1: 1.61875 SL: 1.5686 This is a 1:5 risk ratio trade. Do your own research before risking any money. Longby fastmoveforwardUpdated 112
Crossroads for EURSGD. Confirmation required. Neutral.EURSGD is in front of a crossroad as the 4H Channel Up (RSI = 55.679, Highs/Lows = 0), met the 1.59857 Resistance (early May) and was rejected, but hasn't broken the pattern yet. If it crosses 1.58909 then the bearish reversal is confirmed. If it crosses the 1.59857 Resistance, then the bullish continuation is confirmed. Patience in order to enter the best possible trade on the medium term.by InvestingScope2
EURSGD LongLong Trade Setup for EURSGD. 2 Targets available due to HTF Structure. Lets go lets goLongby jacksonyzx1
EURSGD swing look for short continuationAnalysis for swing traders Current trend is up-down-up so the next swing direction is down. Swing traders look for swing short with down continuation since Feb. Overhead shadows 1 2 and 3. Look below for explanation on shadow. Analysis for day traders Day traders look for long continuation in line with current white week candle. Notes: Technical Analysis states that previous turning points offer future potential support resistance zones. 1. Attach a horizontal line at each turning point in the past 12 months on weekly chart. 2. These lines leave a shadow. 3. Shadows are not evenly dispersed but tend to be clustered. 4. When multiple shadows confluence in a tight range, there is a dark shadow which will provide strong support resistance. 5. Look for dark shadow to offer next turning point. 6. Price will move quickly through empty spaces or bright areas.Shortby colonelkink2
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE. FIB Retracement Percentage is calculated in a Higher Euclidean Dimension. PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKSShortby GWAVEUpdated 2
EUR/SGD 1H Chart: Pair moves in seven-week channelEUR/SGD has been trading in a descending channel during the past seven weeks. The rate breached the prevailing senior channel along the way and fell to a new one-year low of 1.55 on Wednesday. This level corresponds to the bottom boundary of the aforementioned junior channel. The pair has since recovered some lost positions and is gradually moving towards the upper channel line located near 1.5715. Even tough short-term technical signals are bearish, the general market sentiment nevertheless remains bullish. It means that the Euro should reach the upper channel line next week and continue its appreciation even further away from its yearly low. A possible upside target within the following month is the 1.65 area where the breached senior channel and the monthly R3 are located. Longby UnknownUnicorn8906901
EURSGD Countertrend LongGod knows why I decided countertrend trading shall be the cornerstone of my trading. I look for market transition from Bullish to Bearish and vice versa. EUR has been in a serious downtrend, seems like overextended and about time for the Bull to come back into play. Based on my trading setup, its telling me that there is a chance for a higher degree correction off this Bearish Trend. I hope this works out, not aiming for big reward but I already have a plan to manage this trade. lets see what the market does. Longby jacksonyzx1
EURSGD OverviewMonthly - Just starting to break Weekly - Wait for a retracement to enter Daily - Strong trend down What's your take? Comment below.Shortby 40x15y1
Long Retracement to 38.2% GWAVE Long Retracement to 38.2% FIB Retracement Percentage is calculated in Higher Dimension. PLEASE WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS.Longby GWAVEUpdated 2
EUR/SGD 4H Chart: Medium-term pattern to prevailThe common European currency has weakened against the Singapore Dollar since early February when the pair reversed from the senior channel at 1.6450. This mark is likewise the highest price level since mid-2014. The strong bearish sentiment which prevailed during the last week of April forced a breakout from the aforementioned long-term pattern. The rate has since retraced from its bottom line, the 55-period SMA and the weekly PP at 1.5975. Nevertheless, technical indicators remain in favour of a surge within the following week in line with the medium-term channel. In case this scenario is to occur, the Euro should target the 1.61 territory which is restricted by the monthly PP, the 100-hour SMA and the upper channel line. In case some downside momentum still prevails in the market within the following days, a fall is unlikely to surpass a support cluster located near 1.5820. Longby UnknownUnicorn8906900
EUR/SGD shortABC Pattern, Downtrend channel, EUR weakness across other EUR pairs, 618 retracement on macro and micro structure Target 1 at previous structure low Target 2 at end of BC pattern Stops above channel trend line Shortby OskarCraneUpdated 3
EURSGD: Potential reversal on the bigger time frame price moved to the upside for some time now but the trend broke recently. in the daily we can now draw the first trendline tot the downside. Major support is ahead so consider if you want to ride this to the downside as a trendtrader or maybe you want to lock some profits in around that area. Trade what you see, not what you thinkShortby krissur4
EUR/SGD 4H Chart: Bearish in medium termAfter reaching a three-year high of 1.6427 early in February, the common European currency began trading in a new wave down. This movement has been bound in a descending channel but with a diminishing trading range. Technical indicators demonstrate that the pair is likely to edge higher and approach the prevailing junior channel down during the following week. Some hindrance could be encountered near the combined resistance of the 55-, 100– and 200-period SMAs and the monthly PP circa 1.62. By and large, the rate is expected to maintain its current trend south. A possible target for the following month is the 1.5950/1.5900 territory where the bottom boundary of another channel is located. Shortby UnknownUnicorn8906904