SGDEUR trade ideas
Keeping an Eye on the Bearish MomentumPrice on this pair has recently formed a series of lower highs on the daily chart.
Price is now making a new move lower and is looking to once again test the key daily chart support level.
This has been an important level in recent times with price rejecting it and moving back higher twice.
With the recent momentum building lower we can look for a new retest of this level and a potential break lower in the coming sessions.
💡 Two buy opportunity in EURSGD, Mid-Term & Short-TermMid-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.5928).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURSGD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
Take Profits:
TP1= @ 1.6100
TP2= @ 1.6254
TP3= @ 1.6305
TP4= @ 1.6440
TP5= @ 1.6785
SL= Break below S2
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Short-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.5941).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURSGD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 61.
Take Profits:
TP1= @ 1.6040
TP2= @ 1.6100
TP3= @ 1.6170
TP4= @ 1.6249
TP5= @ 1.6311
SL= Break below S2
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💡 Two buy opportunity in EURSGD, Mid-Term & Short-TermMid-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.5928).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURSGDis in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
Take Profits:
TP1= @ 1.6100
TP2= @ 1.6254
TP3= @ 1.6305
TP4= @ 1.6440
TP5= @ 1.6785
SL= Break below S2
------------------------------------------------------------------------------------------------------------
Short-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.5941).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURSGD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 61.
Take Profits:
TP1= @ 1.6040
TP2= @ 1.6100
TP3= @ 1.6170
TP4= @ 1.6249
TP5= @ 1.6311
SL= Break below S2
❤️ 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 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 ❤️
Geometric analysis of EURSGD.Surely, this is a poor imitation of the fractal flow method. This is the scraps I have learnt just by following his youtube channel. Keep an eye on the intersection of lines.
EURSGD on Strong Weekly SupportEURSGD on strong weekly support. This is a mirror level and there is high probability price will bounce off this level.
Long is a good idea with a stone loss below this level.
EURSGD -> SHORTAdd a pending order at 1.61200. If the prices reaches that resistance level, there is a good change to bounce down. This will give us a good risk reward opportunity(1:3)
Daily 8EMA Gap closeGood day.
Possible daily gap being closed. Interday trade.
Waiting for continued momentum to the downside. Just had a retest of the 50EMA on the 1H.
Will wait for a break and close below the 1H 8EMA before I enter this trade.
Stops will be above the retest High
TP will be the 8 EMA on the daily, but if you want you can babysit the trade and see if we retest the 50EMA on the daily. That will then be your TP.
Risk accordingly
Disclaimer: I am still testing my strategies. Not all trades Ideas I post will result in live trades. They might be tested on demos accounts.
Please share your Ideas with me and I am always open to positive criticism.
Remember to use risk according to your appetite.
Thanks for Checking out this Idea.
(All mentions of BCR and SNIPER are credited to Max Norbury of Forex Signals. Check out their awesome site: www.forexsignals.com)
EURSGD Activities in 15M,30M and H1EURSGD make divergence in 15M(Red Line), 30M(Green Line), and H1(Blue Line) but I missed the previous Divergence (Yellow Line)T(these lines are not seen correct but you analysis own self and see it make a correct divergence) check its
EURSGD - BUY - 4H SupportEURSGD - BUY - 4H Support - BUY LIMIT ORDER
BUY LIMIT ORDER @ 1.59192
Stop Loss @ 1.58792
Take Profit @ 1.60505 reward-to-risk ratio 4 : 1
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🔺 Disclaimer! The content of this analysis is subject to change at any time without notice.
🔺 It is provided for the sole purpose of assisting traders to make independent investment decisions.
🔺 You must do your own research to create your own trading plan for the market.
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EURSGD 60.6 Pips Entry Price 1.59678 Target Price 1.59072EURSGD 60.6 Pips Entry Price 1.59678 Target Price 1.59072
