Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current levels for buy.
USDSGD on the daily chart bounced over a weekly support at 1.35400. The price started then a new impulse and soon will test a minor resistance. IF the price will break and close above the structure we will set a nice long order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure ->...
USDSGD is in uptrendline Price is based above key level at 1.3623 Above SMA 100 RSI is above level 50 Above HVN at level 1.3572 It's expected for the continuation of bullish momentum to target first resistance level at 1.3718 then finally target supply zone at level 1.3794
Entry: 1.3531 Stoploss: 1.3526 Risk: 5 pips Reward: 90-122pips minimum Risk/Reward: 1:36 Supplementary information 3 possible buy entries, 2 aggressive entries for traders with high risk tolerance My personal preference is to place a limit order @ the low (1.3531) to minimise risk Comment: The setup becomes invalid if price breaks 1.36245
Inverse scale set up... Buy USDSGD Share your thoughts in the comments below Like and follow for more content Good Luck
If my long term trend line holds then we could see price price rally.
Midterm forecast: . While the price is above the support 1.3430, beginning of uptrend is expected. . We make sure when the resistance at 1.3754 breaks. . If the support at 1.3430 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: . The RSI downtrend #1 is broken, so the probability of beginning of uptrend is...
Midterm forecast: . While the price is above the support 1.3430, beginning of uptrend is expected. . We make sure when the resistance at 1.3754 breaks. . If the support at 1.3430 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: . The RSI downtrend #1 is broken, so the probability of beginning of uptrend is...
Selling Opportunities continue for USD Singapore Dollar. Wait for the trendline break to go short
Price at key resistance on the trendline support Wait for break and confirmation to enter short
Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current levels for buy.
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.367). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USDSGD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance....
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.367). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USDSGD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance....
USDSGD respects major downtrendline on daily frame Price broke key level at 1.3687 Below HVN at level 1.3927 Below SMA 100 MACD shows start of bearish momentum It's expected for the continuation of bearish movement to target demand zone at level 1.3445
USD SGD - Long Flashcard - There is an issue with TDI so it may seem there is no RSI cross when in fact there is