USDSGD trade ideas
USD/SGD : Buy on the Bottom Looking very intresting for trade setup.
Keep watch correction and Buy.
ThankYOu
HIGH PROBABILITY SETUP ON USDSGD IN DAILY TIMEFRAME ABCD pattern and Bullish Flag observed in Daily. Buyers are entering the market.
USDSGD-No clear direction to trade...but i will exit @1.4250...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.
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 4h, ReversalI've found great consistency with scalping lately and now I'm looking to add another skill to my arsenal. I want to be able to add longer-term trades that I can put on overnight while I'm waiting for my next scalping session. I'm also venturing out and adding more pairs to the few that I know well. I don't trust a lot of pairs when it comes to scalping because they have different intraday patterns that I'm not familiar with, but I've noticed that the higher timeframes have more consistency. Also the spreads are bigger on the more exotic pairs, so they are nearly impossible to scalp with. I'll stick to the more liquid pairs that I'm familiar with in that regard.
USDSGD Short Triggered ☄HTF - Huge ascending channel visible on weekly and daily charts with long term highs broken followed by reversal to downside with some momentum |
LTF - Separating patterns to see the market is in a state of impulse and continuation. Current correction has clear middle section and move up to complete the pattern is a 123 wave. Recent highs just broken with ascending formation on 15 minute chart |
ENTRY - 1H high test and retrace was enough with all other confluence factors considered for me to enter with stop loss above the flag structure. Just trading my plan here
UsdSgd RevisitMy previous bullish bias was short lived and price did not meet my take profit. However, I have re-analyzed this pair with a bearish bias. I see approximately 115 pips to be made before the next correction or possible reversal.
USDSGD-Expecting "Y" wave to 1.4420 if it didnt break the low...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.
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.
Good Long trade coming up on USDSGDWe're coming up to the base of the swing which took us to the high on USDSGD. Looks like a good R:R on a long. Buy support, stop below the swing low.
USDSGD SHORT TRADEUSDSGD is in major downtrendline
Price broke key level at 1.4215
Pair is based below HVN at level 1.4239 which indicates that price is in distribution phase
MACD shows weakness in bullish momentum
It's expected to target demand zone at level 1.3873
USDSGD long trade ideaPlan : wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
USDSGD - upside move aheadUSDSGD seems to be tracing minor wave 3 up. If this scenario holds, price should reach 1.45 in up to a week. The odds of this scenario will increase if prices reach 1.432. In case prices crosses down 1.411 this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
USDSGD-Expecting a retest to 1.4440 if it didnt broke the low...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.
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.
USD/SGD : The uptrend continues until we break belowWe're coming up on the monthly candle printing on everything. So, I'm reworking my charts.
USD/SGD continues to be in a primary uptrend even though we've retraced part of the way down.
As a result, I'd still be looking to enter long trades until we start closing a weekly below the blue line.
Color Coding
A. Light Blue: Weekly Levels (W)
B. Green: Daily Levels (D)
C. Purple: Monthly Levels and above (MO)
D. Orange: 3 day levels. (3D).
E. Red: (12 hour levels and below.)
USDSGD could retrace to 1.444 to complete correctionABC zigzag is shaping here
The wave B could have been built and we are heading to the north in wave C
It can reach 61.8% Fib and 1.272x of A is also there at 1.444
USDSGDThe position of price relative to the trend line(which I don't use often), 200-MA, and Fib level really makes me think we'll see some downward movement. Good sell opportunity.
USDSGDEven though on the M TF there is a huge wick, but the price couldn't penetrate deeper. as we can see on the 4H TF the trend has changed. if the trend doesn't change, we have a chance to hop in. if the price making a higher low without hitting our zone we will cancel this trade.
Drop a comment below of you take this trade.
USDSGD 1h AutoUFOs™ Trade Alert! 24 April 2020Basic Approach:
-Long Entry @ 1.4235
-Protective Stop Loss @ 1.4210
-Take Profit @ 1.4275
Rationale:
-Buy Un-Filled Orders (Green UFO ) available in the 1h time-frame
-Sell Un-Filled Orders (Red UFO ) further above allowing for the current trend to continue developing
Boosting Options:
-Trade in the direction set by the overall Market Environment
-Select Take Profit Targets located at a reasonable/achievable distance
-Higher time-frame key price points such as moving average values or Fibonacci retracements coinciding with the entry price
-Confirmation-style Market Order execution after waiting for price to travel in and out of the entry UFO
-Apply Trade Management techniques to lock in profits once the trade begins moving in the right direction
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They are many ways on how to trade, but prices would not move unless Un-Filled Orders (UFOs) get filled.
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Disclaimer:
We do not provide investment advice, nor provide any personalized investment recommendations and/or advice in making a decision to trade. Before you start trading, please make sure you have considered your entire financial situation, including financial commitments and you understand that trading is highly speculative and that you could sustain significant losses.
