EURSGD trade ideas
Could the Long-Term Trend Be Fading?This is an interesting pair. After making a clear trend higher on the daily chart, price has not yet been able to breakout of the recent consolidation and form new higher highs to continue the trend.
As the attached 4 hour chart shows; there are clear range support and resistance levels in play.
Aggressive traders could look to make range trades from both of these levels should any high probability price action be fired off.
More conservative traders could look to see if the momentum building creates an explosive intraday breakout signal.
EUR/SGDUptrend. A flag was formed, after an impulsive upward movement. Targets: 1.65-1.66
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EURSGD AnalysisMarket made a double top pattern. We will be looking for selling confirmation on short TFs.
EURSGD weekly HeadAndShouldersMy game-plan: weekly macro structure with this monster H&S, a small weekly double top (2 small Doji's) --> this is my signal to go on a lower time frame and wait/look for reversal pattern.
Also, with an entry on the lower time frames I usually manage to boost my risk to reward ratio significantly.
Trade with care!
EURSGD SHORT TRADE IDEABUY LIMIT EURSGD @ 1.6172
SL @ 1.6156 (16 Pips)
TP @ 1.6237
RRR 1:4
1% Risk
4% Reward
EURSGD video top-down analysisHello everyone, here is the top-down analysis for EURSGD, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
EUR_ Pullback to TrendlineEURSGD has to pullback before a major move to the upside, carefully watch price action before jumping into a short.
Let the EURO hit the Demand ! - SHORT EUR/SGD My previous analysis worked out well , because of the currency pair performance based on my analysis. I have decided to extend the TP to hit a lower level.
The uptrend channel has been broken and i believe there will be a continuation of the current downtrend into the next week.
Thanks for viewing ! This is not financial advice , please consider your own DD and RM.
EURSGD looking for a melt 🦐The market, after hitting few times the discending weekly trendline in red, created a double top formation.
After breaking the ascending channel price could restest the yellow structure and then move first to the 0.382 fib level and then to the 0.618 fib level.
According to Plancton's strategy, we can set a nice order
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Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
SHORT EUR/SGD setup Price may move down from this level.
This is not financial advice, Please do your own DD and RM.
Short EUR/SGD (Short term trend analysis) Going into the start of the new week I propose to short this pair. Through this short analysis and other indicators that have been considered, i find that the pair can be shorted , for a gain to 1.54 zone which is found at a previous support level for this pair. Descending channel also highlights the bias that i have for this pair.
Thanks for viewing !
This is not financial advice , please do DD and RM.
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