USDSGDUSDSGD is currently in a descending channel
Levels to look out for:
1.342 this is where the previous lows were at, price needs to bounce off this level strongly for it to climb back to 1.35 level.
SGDUSD trade ideas
USDSGD - long - Overall trend is bearish. The market is at a daily support zone, and has rejected it 3x. Could possibly be a double bottom forming, however its too soon to be certain. A pinbar rejecting candle and a doji have also formed at support on the 4hr tf. There is also a pinbar on the daily tf. If the double bottom is completed, I’m biased for a buy after the break and retest of the neckline, which also happens to be another daily s/r zone. I will hold off on trading, until I see more confirmation.
Short for formation parallel channelWaiting to when price touches upper end of a potential parallel channel
USDSGD - long biasDaily trend is bearish. The market appears to be breaking out of the immediate trend line. There is RSI divergence on the 4hr timeframe suggesting a change in direction. I’m biased for a buy to the daily trend line. Looking for the market to retest the broken out s/r zone.
USDSGDafter break support zone and pullback it look for sell setup
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USDSGD buyThe market is now finishing its correction. I'm trading up now. I have designated a buy zone. The price is already in the zone. I also marked target. I opened positions
USDSGDDue to the formation of a channel and the review of the price in high time frame, we expect the price to go down, and due to the weak movement of the market and the holidays, we are witnessing a slow movement.
USDSGD DESCENDING TRIANGLESHORT trade analysis on USDSGD .
Graph is looking bearish from resistance area - retest on Triangle breakout . Price completed Descending Triangle Pattern and already retested , which signalizes bearish continuation . Bearish Engulfing Candle also indicates sell on the chart. Trade idea is also shown on RSI indicator.
If you liked this idea or if you have your own opinion about it, feel free to write in the comments.
USDSGDOn the monthly we are coming out of a weekly buyzone. Looking for price to retrace the previous high. We are on the low side of the macd with it losing some momentum. It may take a while to reach its target. However, I need to focus on one chart that looked promising on the forex side of things. I don't need to trade everyday. I'm working on my discipline as a trader and am learning how important it is to just calm down. I like the DXY gaining strength towards the end of next year with interest rate hikes. I like the positioning of this chart. I will be patient and will update this chart as I see fit.
Not Advice. Good luck!
USDSGD Triangle TradeIn this update we review the recent price action in the USDSGD and identify the next high probability trading opportunity
Currency pair analysis usdsgdIt is possible to reach the target by combining strategies 1 and 2 myself
USDSGD looking up 🦐USDSGD on the daily chart is trading between 2 narrowing trendlines.
The price is now moving in a bullish momentum and according to Plancton's strategy if the market will break above and satisfy the academy rules we will set a nice long order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
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 the Plancton0618 strategy will trigger.
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DOA Trading Strategy - USDSGD#USDSGD - Red DOA sniper and meter are holding strong on 4hrs
We’ve created a double top as well
We should see a nice drop on this soon
USDSGD Target Price 1.37490 Entry Price 1.36920USDSGD Target Price 1.37490
H2 Chart
H1 Chart
H3 Chart
H4 Chart
Long UsdsgdUsd has been strong lately and Usdsgd have done a decent pullback and formed a reversal pin. Cot data on Usd Index also shows closing of short positions.
USDSGD Target Price 1.37490 (Parallel Channel)USDSGD (Parallel Channel; Exponential Moving Average; Horizontal Support & Resistance)
USDSGD Target Price 1.37490USDSGD Horizontal Support Level, Diagonal Support Level, Dynamic Support Level
USDSGD Momo Do or DieIn this update we review the price action in the USDSGD and identify some high probability trading opportunities
