I'm going to place a buy stop above yesterday's top. Stop loss below yesterdays low. If the price exceeds yesterday's high, the buy order will be triggered. Risk Reward 1:6.
CAD/SGD - The price dropped below the lower boundary of the descending triangle. The target is around 1.00
Pattern: Channel Up on 1D. Signal: Buy as the price broke above the (former) 1.03170 Resistance as well as the Lower Highs trend-line. Target: 1.0400 (the next Resistance). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
ENTRY: 1.02700 TP: 1.02000 TP2: 1.01400 TP3: 1.00700 SL: 1.03200 Chart time frame - 1W Time for reaching TP - 1-2W Follow, Like, Share or Comment Thanks on supporting! All best!
ENTRY: 1.03800 TP: 1.03400 TP2: 1.03000 TP3: 1.02700 SL: 1.04400 Chart time frame - 1D Time for reaching TP - 1-2D Follow, Like, Share or Comment Thanks on supporting! All best!
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The pair has been trading within a 1D Channel Down since August/ September peak (RSI = 52.914, MACD = 0.000) and is currently testing the 1D MA50. Even though the Lower Highs are clear, the pattern lacks the latest Lower Low and we are taking this opportunity to go on a medium term short towards 1.0300. Long term trades may wait for an even bigger sell opportunity...
Pattern: Head and Shoulders on 4H. Signal: Bullish after the price met the neckline's first support layer. Target: 1.0270.
The price has been trading within a very steady 4H Channel Down (RSI = 31.405) on a slow pace (MACD = -0.003, Highs/Lows = -0.0034, BBP = -0.0087). This creates the condition for a quick short profit on a 1:1 RR with TP = 0.99800. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are...
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TP = 1.06200 hit as despite a deviation, the 1W Channel Up (RSI = 55.270, MACD = 0.004, BBP = -0.0120) made a Higher High near 1.07500. With the Highs/Lows = 0 (neutral), we can assume that the Higher Low is already priced and that the Channel Up will seek a new Higher High on CADSGD. Long TP = 1.0700.
CADSGD is trading within a 1.0310 - 1.0400 Rectangle on 4H (RSI = 57.936, MACD = 0, ATR = 0.0023) and we will take advantage of the swings both ways. First trade, short, TP = 1.03200.
Cad-Sgd Sell Setup with one is trendline plus fibbo setup and 2nd is harmonic setup