SGDUSD trade ideas
USDSGD-Expecting one more push upside near 1.4300 and then fall?Market Commentary:
First have an look for the positional trend i shared here previous....if you are a follower of me...and sometimes i will share the counter trend trade also in 15 mins and 1hr...but that is risky ones...so if the trend is bearish or bullish, if i am expecting the correction...book the profit there and wait the correction to end and again go with the trend....DONT TRADE THE COUNTER TRADE SETUP...you will took loss too...try to identify the sort term pull back and the long term pull back after that took small lots in the short term PB with strict stop and go with big lots in the trend side that is long term. I WONT TOOK ALL THE TRADE PLAN SHARED HERE...
Read the market commentary inside the chart what i shared here carefully and try to learn Elliott waves...otherwise its tough to understand the market commentary and my analysis. I wont give a entry, stop loss and take profit in my chart...it is only for EDUCATIONAL PURPOSE and i am sharing how i am analysing the pair and labelling them according to the Elliott wave theory...I AM JUST SHOWING THE TREND HOW IT MAY GO AND MY VIEW(it may wrong too)..so DON'T FOLLOW BLINDLY MY CHART..take this as a reference and if it correlate to you strategy took the trade as per your strategy...DON'T ASK ABOUT YOUR RUNNING TRADES i wont comment on them and I WONT SUGGEST TO TAKE MY TRADE SETUP.
USDSGD analysis for 23 May 2020Nice price location for the market action. Let's see on confirmation.
USDSGD 4HRBearish GARTLEY TYPE 2
Earlier this same GARTLEY given good reaction on Type1 entry at 0.786XA
now price When again come into PRZ it Becomes a TYPE2 Entry which is REVERSAL
Now with confirmation from a BULLISH CANDLE with RSI below 70
POTENTIAL SELL
USDSGD 3HRBearish GARTLEY TYPE 2
Earlier this same GARTLEY given good reaction on Type1 entry at 0.786XA
now price When again come into PRZ it Becomes a TYPE2 Entry which is REVERSAL
Now with confirmation from a BULLISH CANDLE with RSI below 70
POTENTIAL SELL
USDSGD 2HRBearish AB=CD
on Type 1 Entry i.e REACTION TP1 Hit. Now price need to came into Zone. then it becomes a TYPE2 Entry which is REVERSAL, after getting confirmation with a BULLISH CANDLE + RSI below 70 then only set up becomes VALID.
POTENTIAL SELL
USDSGD 1HRBearish GARTLEY TYPE 2
Earlier this same GARTLEY given good reaction on Type1 entry at 0.786XA
now price When again come into PRZ it Becomes a TYPE2 Entry which is REVERSAL
Now with confirmation from a BULLISH CANDLE with RSI below 70
POTENTIAL SELL
USDSGD - TP1 hit, close to TP2!For more information on our strategy please view our 'Scripts' page on our Trading view profile.
Our V2 strategy shows the SL and multiple TPs on the chart too - these are customisable based on the ATR of each pair.
We have set these so that TP1 is 1:1 TP2 is 1:2 TP3 is 1:3 RR.
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Regards
Darren
Blue FX
USDSGDTwo possible situations we can see in the nearest term. But I tend to the bullish variant more. What about you?
USD/SGD : Watch this Flag and SELL Strong SEll in downside, structure looking extreamly Bearish.
ThankYou
