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SINGAPORE DOLLAR / U.S. DOLLAR

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SGDUSD trade ideas

Looking to go long USDSGD .. the week of 22JuneNothing is 100% in trading but in my opinion, this pair could be turning bullish. A break above 1.3980 and then above 1.4030 will provide a level of certainty to this view and conservative traders can wait for such "confirmation". I am a bit more aggressive and would like to go long if we get a pullback to the upward sloping trend line. In that case the stop can be placed below 1.3930. This will provide a tight stop while increasing the R/R potential considerably. However, if we get a H4 close below 1.3930, that will negate my analysis. If you like my analysis please give it a "thumbs up" and "follow me" to get instant notifications of my posts and updates. As always, please use sound money and risk management in all your trades.
Long
by Trading_Vista
Super triangular patternIn the USDSGD currency pair, we are seeing the formation of a continuing triangular pattern, so we expect the price to continue to move down and touch the following targets. TP1: 1.38322 TP2: 1.37588 TP3: 1.36853 TP4: 1.34584 If the price goes above the triangle, we expect the price to rise to at least 1.40051. But keep in mind that the probability of a price increase is 20%. The analysis is performed on a daily basis and is long-term. 🔸Signal by Yazdani
Long
by hervess