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SINGAPORE DOLLAR / EURO

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SGDEUR trade ideas

EURSGD Educational descending channel🌟we didn't check the fundamental news as we want to focus on a technical format education in this idea and rely on that 🌟we decided to teach this format in an elementary level that can be used by majority and all you need is basic info about technical analysis 🌟the descending channel is the parallel channel which trapped our chart and currently retested several times both in dynamic resistance and support 🌟you can also see 2 highlights a green and a red respectively, first of all you have to know that charts want to stay in the value they averagely consolidate which is mainly referred as high EMA (like EMA 200) and if you plot that in any chart it gives you the information from last 200 candles average value that the chart consolidates 🌟both green and red highlights starts and ends mostly in their own bias and created a cycle (perfectly clean in this chart) but there is something wrong! the red highlight is stretch more in time and also in candle power if visually checks! we said the chart wants to stay in the range it consolidated before! so the chart needs some green candle to cover the bleed right! 🌟to make sure you are doing this right you need to check higher time frames and zooming out the chart to recheck the "tend of the chart" which is answered by a simple going up or down, if the answer was the same as our need (in this case we needed green candles so we expect a going up as an answer here) we can continue and enter position, although there are always exceptions but as we told in the beginning we are going in an elementary level not more (yeah we all know that in long term analysis we won't go this way, this simple and with lack of data) 🌟for entering this kind of position simply follow the parallel channel and try to enter and exit from the edges 🌟a 92 pips trade in forex among the crypto trades seems profitable, fun and educational. hope we could teach you something (even if negligible) ---------------------------------------------------------------------------------------------------------------- If you want to see more and more from these 💎 free signals: 🙏 Help us grow then Each individual support counts 🙏 Tell us what do you like to know about the market and how do you see the forecasts Share us your opinion ---------------------------------------------------------------------------------------------------------------- 👉This idea has the confirmation of "advanced price action" 👍 👉Follow us and invite your friends too, this way we can share ideas and signal to anyone we care 👍 👉Hit share and spread the information in public chats or your twitter for everybody to get profit 👍 👉Tell us what's important for you in the market or what asset makes a difference in your investment basket 👍 📝Did you know money management and risk management are as important as your entry and exit point of a chart? 💰Plan a Trade before a Trade💰 💸Develop a strategy before you enter position your strategy have to be a combination of money management + risk management + time management and profit management (the famous MRTP method made exclusively by our team💎) Trade well ❤️
Long
by the-crypto-analyzer
EURSGD signal (long)Hello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. target: 1.61 stop: ~1.598 (depending of ur risk). ALWAYS follow ur RM . Good luck everyone! Follow me on TRADING View, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to your questions or suggestions(Looking for investors!).
Long
by trytofeelpositive
💡Don't miss the great sell opportunity in EURSGD Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.62151). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURSGD is in a downtrend, and the continuation of the downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 36. Take Profits: TP1= @ 1.61337 TP2= @ 1.60841 TP3= @ 1.60507 TP4= @ 1.60003 TP5= @ 1.59573 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
3
💡Don't miss the great sell opportunity in EURSGD Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.62151). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURSGD is in a downtrend, and the continuation of the downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 36. Take Profits: TP1= @ 1.61337 TP2= @ 1.60841 TP3= @ 1.60507 TP4= @ 1.60003 TP5= @ 1.59573 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_World
8