USD/SDG - In Bullish TrendThis pair is following along the bullish trendline and print consistent HHs and HLs which indicates it will continue its bullish trend.
USDSGD trade ideas
Technical Analysis: USDSGD Forex Pair 📈 #ForexAnalysis #USDSGD #ShortPosition #BearishPressure 📉
🔍 Technical Analysis: USDSGD Forex Pair 🔍
Hey traders! 📊 Today, let's take a closer look at the US Dollar/Singapore Dollar (USDSGD) Forex pair and explore some interesting insights that could potentially guide our trading decisions. 🤝
📉 Price Action and Trend Observation:
The USDSGD pair has recently experienced a significant event - the breaking of its support levels from January 4th, 2021. 📅 This bearish move suggests a potential shift in the trend, indicating a possible downward direction.
💔 Broken Flag Support:
As of now, the price is testing the broken flag support, which could act as a resistance level. 🚧 This retest offers traders an opportunity to take advantage of the bearish momentum in the market.
🐻 Too Much Bearish Pressure:
The prevailing bearish sentiment is evident, and it appears that there is substantial bearish pressure that may deter any immediate bullish comeback. 📉 The sellers seem to be waiting eagerly to add to their positions if the price attempts to rally, which might act as a barrier to any upward movement.
📉 Short Position Strategy:
Given the bearish environment, I have just opened a short position in the USDSGD pair. If the price happens to rally, I'm prepared to add another short position to capitalize on potential further downside. 💼 However, it is essential to stay cautious and manage risk appropriately, considering the volatile nature of the Forex market.
⏳ Time Frame and Potential Scenario:
This analysis is based on a 1-week time frame, suggesting that the anticipated downward move may take a few more days to unfold. But keep in mind, when the price falls, it often does so rapidly, offering excellent trading opportunities for short-term gains.
Remember, successful trading involves a combination of analysis, risk management, and discipline. 🚀 Always use proper risk-to-reward ratios and employ stop-loss orders to protect your capital.
#ForexTrading #TradingOpportunities #TechnicalAnalysis #ShortingOpportunity #TradeSmart #RiskManagement #USDSGDAnalysis
Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Trading Forex involves substantial risk, and traders should exercise caution and conduct their research before making any trading decisions. Always do your due diligence and consult with a qualified financial advisor if needed. Happy trading! 📈📉
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Usdsgd watching for pullbacks to short
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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.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
USDSGD- In Bearish TrendUSDSGD bulish trend end and bearish trend start because now it is printing lower highs and lower lows
USDSGD ____ INCOMING BULLISH RALLYHello Guys,
As I had previously published, the dollar index seems to be setting up for a bullish rally (analysis inserted below) and USDSGD which is correlated with the dollar index is aligning accordingly.
You will also notice that the price has buy-side liquidity to hunt. I have set an alert to know when price trades into the daily order block from which I will be looking out for a CHOCH on the 1-hour timeframe to go long.
Also, USDCHF is aligning for this long (analysis inserted below)
Follow me for more updates.
US DOLLAR INDEX ANALYSIS
USDCHF ANALYSIS
Cheers,
Jabari
USDSGDWill look for a valid bearish correction and a breakout. The analysis is provided for educational purposes only. Be aware of the potential risk of loss before your own trading decision.
USDSGD: Looking for bearish in Positional Trade Setup in Weekly.DISCLAIMER : 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
My Weekly Analysis 61 Pt. 2I go through my currency pairs and analyze them while listening to music and talk to you guys.
*not a financial advisor*
USDSGD ____ INCOMING BULLISH MOVEHey Guys,
USDSGD hunted sell-side liquidity last week Thursday & Friday and also traded into the weekly FVG. From the weekly FVG, I speculate that the price will rally to hunt the buy-side liquidity and head into the daily FVG.
However, I expect that price will try again to go lower at the beginning of the week and start the bullish rally.
Also, as a confluence, the dollar index is also getting ready for the bullish rally (see below my analysis on DXY)
Follow for more updates.
Feel free to DM me.
See my Dollar Index analysis
Other USD-related pairs
GBPUSD
NZDUSD
USDJPY
Cheers,
Jabari
My Weekly Analysis 60 Pt. 2I go through my currency pairs and analyze them while listening to music and talk to you guys.
*not a financial advisor*
USDSGD (Bearish Harmonic Pattern)Pattern Bearish Harmonic Pattern
Pair USDSGD
Sell Stop 1.35288
TP 1.35019
TP 1.35019
USDSGD Triangle break-out. Buy signal.Last time we looked at the USDSGD pair (October 11 2022) we gave the best sell signal possible (see idea below) as the price entered the 6 year Resistance Zone:
This time we have a buy signal flashing as the price not only broke above the Triangle pattern on the 1D time-frame but also above the 1D MA50 (blue trend-line). As long as Support 1 holds, we are bullish targeting 1.35500. If Support 1 breaks (1.32050), we will book the loss and open a sell, targeting 1.30550.
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USDSGD _____ UPCOMING BULLISH MOVEHello Traders,
If you are following me, you would know by now that I have a bullish bias on USD. This bias is based on my analysis of the Dollar Index. However, USDSGD just entered a key demand level and I am waiting for CHOCH for me to go long on this pair.
I have also done an analysis on GBPUSD and it is currently playing out as speculated. (see below)
Also, see my analysis of the dollar index below.
What do you think? is there something you think I might have missed or you agree with me?
Let me know your thoughts.
Cheers,
David
USD/SGD springboardTurtle soup / bear trap / range bottom fake-out that led to the break-out on the opposite side. Strong bullish daily candlestick closed above EMAs and the resistance levels. Entering on M5 pullback at the confluence of 61.8% fib retrace and range top. Target at -27.8% of fibo retrace.
USDSGD 27/04/2023Monthly:
-Monthly lows.
Weekly:
-IC attracting the price.
Daily:
-Bullish M pattern.
-IC.
4H:
-Bullish M pattern.
-IC.
Short USDSGD on Weekly .382 RetracementThe weekly chart of the USDSGD shows clearly the weakness of the USD against the SGD. This weakness has been building for a while now. The fact that it has retraced just below the .382 level indicates a long term weakness in USD despite Fed Rate hikes. For Singapore which has an export based economy, this is significant as it makes the country less competitive. However, it does help to combat inflation. Perhaps funds inflows from wealthy individuals elsewhere in the world would help in SGD strength.
USDSGD Reaching a key level to watch**Find out more from my Tradingview Stream this week**
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Hello there!
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
And if you would like to show further support for me, you can gift me some coins on tradingview! 😁
Thank you!
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.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
USD/SGD ShortPositive Confluence Factors... (12)
1. LTF and HTF direction in alignment? ✅
2. At edge of HTF structure (in green zone)? ✅
3. HTF candlestick confirmation?
4. Trade setup visible on multiple time frames? ✅
5. Break out of structure and a break back in present? ✅
6. Near miss present (below price if looking to get short, or above price if looking to get long)? ✅
7. Reliable looking sequence of flags present (if looking for further continuation)? ✅
8. Correction/s I'm looking to get long or short within and/or on the break of proportionate to preceding impulse? ✅
9. M style pattern present?
10. Structural approach to area of value?
11. Fairly flat structure present? ✅
12. Expanding pattern present? ✅
13. Equal spacing present?
14. Clearly identifiable middle section present? ✅
15. Head and shoulders pattern present?
16. Decent R:R available? ✅
17. No hook point sat just beyond stop loss?
19. Protection available for your stop loss? ✅
Negative Confluence Factors... (2)
1. Counter to HTF trend?
2. Not at edge of HTF structure (in red zone)?
3. Trade setup only visible on one time frame?
4. Price only wicked to area of value on multiple time frames?
5. Near miss present (above price if looking to get short, or below price if looking to get long)? ❌
6. Unreliable looking sequence of flags present (if looking for further continuation)?
7. Correction/s I'm looking to get long or short within and/or on the break of disproportionate to preceding impulse?
8. Squeeze present (structure not parallel or expanding)?
9. Fairly steep structure present?
10. Very unequal spacing present?
11. No clearly identifiable middle section present?
12. Multiple possible entry types?
13. Limited R:R available?
14. Hook point sat just beyond stop loss? ❌
15. Entry around swap hours?
16. Entry directly before major news announcement?
USD/SGD Long• If price impulses up, it does so in a convincing manner and a tight flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
USD/SGD Short• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
USD/SGD Short• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
