Join Uptrend in USDSGDJoin Uptrend
Entry above 1.3676
Protective Stop 1.3813
Target 1: 50% of the size 1 to 1 risk to reward 1.3945
Target 2 above 1.41
Move stop to breakeven when it hits Target 1
Keep managing stop if continues to rally
USDSGD trade ideas
USDSGD buy setup !USDSGD is getting ready for go up. Its coming from a very strong support area and now its time to buy the pair. 1:3 Return I'm expecting from this trade.
UsdSgd - ShortWith the DXY signaling a decline, we also expect a drop in USD/SGD. The price, forming a double top pattern, has started a corrective rise from the peak of the ascending channel. We might see a rise up to the neckline of the double top. Following that, our first target is the 23.6% Fibonacci retracement level, and if this level is breached, the 38.2% Fibonacci retracement zone.
USDSGD: One more wave v) of (b) to downside to 1.2900DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
USD SGD Short Set upEntry 1.35045
Stoploss 1.35228
TP-1 1.34860
TP-2 1.34680
#Trading #Technical #Crypto #Stocks #commodities
AUD/CAD Short, GBP/CHF Short, AUD/CHF Short and USD/SGD ShortAUD/CAD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
GBP/CHF Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
AUD/CHF Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
USD/SGD Short
Minimum entry requirements:
• 1H impulse down.
• 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
USDSGD Bullish unless this Support breaks.The USDSGD pair is on the 1D MA50 (blue trend-line) currently but within conflicting Channels. The long-term one is a Channel Up that hasn't yet been invalidated, the medium term one a Channel Down and the shortest term a Channel Up.
As long as Support 1 (1.34225) holds, we will go with the short-term Channel Up and stay bullish, targeting 1.37250, which will be a Lower High on the medium-term Channel Down. If on the other hand, Support 1 breaks, we will take the loss and go short instead, targeting 1.32725 (Support 2).
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GBP/CHF Short and USD/SGD ShortGBP/CHF Short
Minimum entry requirements:
• Tap into area of value.
• Risk entry after a 1H rejection or a phase line break.
USD/SGD Short
Minimum entry requirements:
• 1H impulse down below most recent low.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
the pair is waiting for trendline reactionthe pair is waiting for trenline reaction but our main scenario is bearish .
we are following up to enter short
if you have any comments pls share
USDSGD SELLS @ 1.351Selling USDSGD here, price is at supply. Only issue with this trade is price dipped into weekly demand. However, I'd expect price to retrace back into the demand before firing up to weekly supply.
AB-CD Bullish reversal pattern formingAn excellent trading opportunity, for this pair on the 4H time frame as 2 opportunities are presented according to my analysis.
USDSGD - 1D Chart Market Close 5th May (Close Trade) For my short USDSGD trade this will currently be the last post, as I have exited all my positions.
As mentioned earlier just before NFP,
I had closed out half the trades before NFP; and the other half I rode with NFP.
After the data was released my TP1 at 1.3475 was reached and my trades were closed out and I will be not chasing another short opportunity as the risk reward ratio won't make sense, overall speaking this trade averaged out on over 140 pips gain for me.
For those that want to know more as to why I entered the USGSGD trade , please see the below:
USDSGD 4H Chart - 3rd May awaiting NFPFollowing up from my previous post on the 21st of April
This trade has progressed along my expectations, as indicated by the three orange circles, there were two retest and the one that's highest contained a bearish engulfing formation on the 4H chart , which also formed a lower high of 1.36596 in comparison to the high that was formed on 16th April of 1.36703 , which is indicated by the orange line in the graph.
My stop loss of the previous high was not triggered and this trade currently is making money, I did reopen additional positions 1.36445 and 1.36447 due to the engulfing formation and with a tight stop loss going into FOMC meeting, I had more upside than downside.
Now NFP is nearing , likely will take half profits first and ride the other half out with my final take profits not changing as stated in previous posts.
USDSGD 2H Chart - 25th April 1st Retest done? wait break supportFor USDSGD
The initial retest on breaking the triangle seems to have been completed.
Price action seems to be still ranging between 1.3635 and 1.3595 from the start of the week till now, and the lower boundary as illustrated by the lilac box has been tested multiple times from the start of the week till now.
My position remains same as before I am still short on USDSGD, if a clean break on 1.3595 happens it would no doubt strengthen my view, and my take profit levels remain the same
TP1: 1.34746
TP2: 1.34142
For those that like my posts, please drop a boost and follow me, I'll likely be doing two updates a week, once mid week, and once on Sunday.
USDSGD 1D Chart - 21st April So for USDSGD, an harmonic pattern has formed, with the top of 1.36720 being retested and forming a lower high of 1.36591.
I have added another indicator on this chart and currently said indicator aligns with my outlook of shorting USDSGD.
If we were to short this position we would be looking at:
1:2.64 ratio at the 0.382 profit level @1.34746 &
1:3.78 ratio at the 0.5 profit level @ 1.34142
Thus at market open I would be looking into shorting USDSGD
USDSGD Still a buy but not for long.The USDSGD pair has been trading within a Channel Up pattern (blue) since the February 02 2023 Low but on December 28 2023 it posted a Lower Low, so we have to consider the possibility of an emerging (dotted) Channel Down.
As a result, the trend remains bullish but technically we should be careful and only target the top of Channel Down at 1.37350 (symmetrical Bullish Leg at +4.49%).
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USDSGD 1D Chart - 15th April 2024Harmonic pattern forming on USDSGD day chart
with potential turning region at 1.36380 - 1.35945
Will be monitoring hopefully price will go touch 1.36395 and retrace
then will be a good opportunity in selling
USDSGD: Bullish TrendUSDSGD is in Bullish Trend, printing HH's and HL's. Taking the support from trendline and expected to print further HH's and HL's.
USDSGD 31/03/2024Weekly:
-Inverse H&S pattern.
-IC.
Daily:
-Bullish M pattern.
4H:
-4H imbalance overlaping with the daily imbalance.
Usd index still bullish with it, watching for more upsideTradingview Ideas:
Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
As mentioned in my streaming, i mentioned that usd has no major change in its price structure, likely more upside and bias to long for the majors.
Do check out my stream video for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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