EURSGD trade ideas
EURSGD . bullish or bearish??The price has been in the range for several days.
in my opinion, if this support line breaks by the seller's pressure, the price could fall to the support line .
Of course if there was strong signal, the price can break the up trend line.
But the current bearish wave changes its direction, the price will rise to the resistance .
EURSGDProbability of breaking 21/08/20 low (1.61211) ~70%
Entries: Possible entries highlighted on chart
Note: discount zone are invalid if price broke the high.
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
Best regards EXCAVO
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.
