USDSGD POTENTIAL LONG TRADE (medium term) 1-3 weeksHey everyone! Hope you have had an incredible weekend so far! Just wanted to come on here and post a potential mid-term swing opportunity here on USD VS SGD (SINGAPORE DOLLAR). So I posted analysis on this pair for a short a few weeks ago and now is coming into that TP.
When I'm looking at this pair I'm actually now seeing some potential upside on USDSGD. When looking at price, and the state of the trend, I see that there is still another potential 3rd push (I talk about this on an educational video on my page check it out) that may be left on this pair before the long term downward move I am expecting on this.
We can see price is coming into a daily/4H demand level, and can see price is somewhat now oversold on the hourly timeframes, giving me the bias that we may at least have a pullback so to speak opportunity here on this pair to the upside in the medium term. To keep it safe aim for the 1.36400 supply level area.
OK so let's see how price moves this week and if we see a shift of momentum from this demand to look for upside opportunity. That is the beautiful thing about trading, nothing should be forced, we let PRICE TELL US what it wants to do. Take that unnecessary weight of TRYING to tell the market what to do and just flow with the market with overall context, strategy, and good mindset!
Cheers! God Bless
USDSGD trade ideas
Usdsgd still bearish bias Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Last week, i mentioned about USDSGD having to make more downwards movement (in my tradingview stream), this coming week i believe it would be the same considering the break of the support and currently just tested and seems rejecting it.
Let's see how it unfolds next week.
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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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USDSGD outlookUpon conducting a top-down analysis of USD/SGD, my findings suggest a persistent downtrend in the pair. Based on this trend continuation, the analysis indicates a substantial selling opportunity for the currency pair. I recommend taking the time to carefully review and consider this analysis
USDSGD KEEP AN EYE OUTHey everyone! Hope all is well and blessed!
Just wanted to post this for future reference. USDSGD coming into some significant areas of supply. Wouldn't be a bad idea to look for some potential short opportunities/shifts from these levels.
Remember structure is the foundation of the market and key levels are the foundation for TRADING. Lets do this!
Cheers!
USDSGD: Breakout supported by the 4H MA50.USDSGD is trading inside a Channel Up pattern on the 4H timeframe, on a bullish technical outlook both on the 4H and 1D charts (RSI = 57.738, MACD = 0.002, ADX = 20.427). Yesterday it crossed over the LH trendline and has up to now stayed supported on the 4H MA50. The 4H MACD Bullish Cross has originated this breakout and it appears that it is fairly symmetric with the one in September. Both around the 0.5 Fibonacci level. As such, we turn bullish and target Fibonacci 1.236 (TP = 1.3800).
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USDSGD โ๏ธ Rising wedge breakout .150+ Hello Everyone ๐๐ฝโโ๏ธ
๐ด 1.36704
๐ข 1.35540
๐ข 1.34735
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP
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Disclaimer:
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It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market .
USDSGD - Text Book Reversal!USDSGD has recent topped with a beautiful rejection! We had the 50 fibonacci, channel AND an ending diagonal, all indicating a reversal!
Now that we've topped, we can look for any pullbacks to add a position for the massive drop.
Trade idea:
- Watch for pullback
- once pullback appears, look for a trendline break or structure rejection
- Enter with stops above the highs (above 50 fib)
- Targets: 1.305 (700pips), 1.27 (1000pips)
Goodluck and as always, trade safe!
USDSGD Channel Up trading strategyWe haven't looked into the USDSGD pair in a long time (May 16), with the last idea giving a great bullish break-out signal:
The pair has since entered a Channel Up pattern, with the latest bullish leg since July 14, just reaching the top (Higher Lows trend-line) of the pattern. This is also the 0.5 Fibonacci retracement level from the 2022 High. As long as the price trades under it, we will be short, targeting the 1D MA50 (blue trend-line) at 1.36250. If the 0.5 Fib breaks, we will close the sell and go long instead, targeting 1.38600 (Resistance 1).
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USDSGD Head & Soolders Chart Pattern.Hello everyone
AS you could see we have here a head and shoulders pattern with a Break of structure
for The Higher high with creating lower low to retest the ascending channel
You could set a SL : 1.35000
TP : 1.37900
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Michigan consumer sentiment will shock us all In 6 days we have a major update to come and technically speaking we have what i call a sandwich panel set up in which a bearish candle is stocked in between 2 bullish ones now once the said second bullish candle close exceeds the high of the said bearish lone candle we can count on a perfect trend reversal .
Long USDSGDIt appears that USDSGD may be setting up for a multi-day bull run.
Last week USDSGD posted a green weekly Heiken Ashi candle and I suspect it may do it again.
It is also the case that USDSGD posted a green daily Heiken Ashi candle after multiple red Heiken Ashi candles on the daily.
This signals to me that we may be in for a bull run this week.