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EURSGD

EURSGD looking for a melt 🦐The market, after hitting few times the discending weekly trendline in red, created a double top formation. After breaking the ascending channel price could restest the yellow structure and then move first to the 0.382 fib level and then to the 0.618 fib level. According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Short
by InkyGrip
EURSGD rejected by historical trend line 🦐The market after the recent rally got rejected by the historical trend line in red. Now the price broke and retested the support line and currently trying to break the structure at the 0.382 fib level. IF the market will mange to break the structure we can set a nice short order according to our rules with a possible target around 1.551 or 0.618 golden ratio. ––––– Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Short
by InkyGrip
EURSGD potential bearish reversalon DAILY: EURSGD is sitting around a resistance zone in blue so we will be looking for objective sell setups on lower timeframes. unless price breaks it upward aggressively, then a bullish movement till our next resistance in purple would be expected. on H1: this pair formed an objective trendline in red, and it is now forming a double top pattern. So we are waiting for a momentum candle close below our last swing that forms around our red trendline to sell EURSGD. meanwhile, EURSGD would be overall bullish.
Short
by TheSignalyst
7
Sluggish Rise to Fall. EURSGD Short Idea.Price has reached Strong Resistance level which is also, on weekly perspective, a Fibo 38,2 (Swing Low to Swing High). Prices have been kind of sluggish lately and has a bullish tendency. For now i am waiting for a tiny Pullback to that "Red Box" with short bias. Depending on Price Action and result of retest i'll short or leave EURSGD. Stop Loss above previous High and Take Profit on the "Anticipated Daily Fibo 50,0" which is also a key support level (Could be coincidence). GL.
Short
by ProfessorGenki
There is a possibility for second chance to buy in EURSGDTrading suggestion: If the Midterm level 1.5240 is broken, we will close open trades. Price may also reach 1.5240, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion is not according to our STRATEGY , and depends on personal strategies. Midterm forecast: While the price is above the support 1.5240, resumption of uptrend is expected. We make sure when the resistance at 1.5960 breaks. If the support at 1.5240 is broken, the short-term forecast -resumption of uptrend- will be invalid. We will close our open trades, if the Midterm level 1.5240 is broken. Technical analysis: The ascending flag taking shape suggests we will soon see another leg higher. A peak is formed in daily chart at 1.5545 on 04/20/2020, so more losses to support(s) 1.5365 and minimum to Major Support (1.5240) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 45. Trade Setup: Total Profit: 2678 pip Closed trade(s): 2385 pip Profit Open trade(s): 293 pip Profit Trade Setup: We opened 7 BUY trade(s) @ 1.5095 (day close price) based on 'Valley' at 2020.02.20. Closed Profit: TP1 @ 1.5160 touched at 2020.02.21 with 65 pip Profit. TP2 @ 1.5240 touched at 2020.02.27 with 145 pip Profit. TP3 @ 1.5365 touched at 2020.02.28 with 270 pip Profit. TP4 @ 1.5570 touched at 2020.03.06 with 475 pip Profit. TP5 @ 1.5720 touched at 2020.03.09 with 625 pip Profit. TP6 @ 1.5900 touched at 2020.03.16 with 805 pip Profit. 65 + 145 + 270 + 475 + 625 + 805 = 2385 pip Open Profit: Profit for one trade is 1.5388(current price) - 1.5095(open price) = 293 pip 1 trade(s) still open, therefore total profit for open trade(s) is 293 x 1 = 293 pip
Long
by ForecastCity
20
There is a possibility for second chance to buy in EURSGDTrading suggestion: If the Midterm level 1.5240 is broken, we will close open trades. Price may also reach 1.5240, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion is not according to our STRATEGY , and depends on personal strategies. Midterm forecast: While the price is above the support 1.5240, resumption of uptrend is expected. We make sure when the resistance at 1.5960 breaks. If the support at 1.5240 is broken, the short-term forecast -resumption of uptrend- will be invalid. We will close our open trades, if the Midterm level 1.5240 is broken. Technical analysis: The ascending flag taking shape suggests we will soon see another leg higher. A peak is formed in daily chart at 1.5545 on 04/20/2020, so more losses to support(s) 1.5365 and minimum to Major Support (1.5240) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 45. Trade Setup: Total Profit: 2678 pip Closed trade(s): 2385 pip Profit Open trade(s): 293 pip Profit Trade Setup: We opened 7 BUY trade(s) @ 1.5095 (day close price) based on 'Valley' at 2020.02.20. Closed Profit: TP1 @ 1.5160 touched at 2020.02.21 with 65 pip Profit. TP2 @ 1.5240 touched at 2020.02.27 with 145 pip Profit. TP3 @ 1.5365 touched at 2020.02.28 with 270 pip Profit. TP4 @ 1.5570 touched at 2020.03.06 with 475 pip Profit. TP5 @ 1.5720 touched at 2020.03.09 with 625 pip Profit. TP6 @ 1.5900 touched at 2020.03.16 with 805 pip Profit. 65 + 145 + 270 + 475 + 625 + 805 = 2385 pip Open Profit: Profit for one trade is 1.5388(current price) - 1.5095(open price) = 293 pip 1 trade(s) still open, therefore total profit for open trade(s) is 293 x 1 = 293 pip
Long
by ForecastCity
20