USDSGD - TP1 hit, close to TP2!For more information on our strategy please view our 'Scripts' page on our Trading view profile.
Our V2 strategy shows the SL and multiple TPs on the chart too - these are customisable based on the ATR of each pair.
We have set these so that TP1 is 1:1 TP2 is 1:2 TP3 is 1:3 RR.
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Blue FX
USDSGD
USD/SGD will bounce back from the “Rising Widening Wedge”The pair will bounce back from the “Rising Widening Wedge” pattern support line. Singapore is taking a toll on the coronavirus pandemic. As the largest investment hub in Asia and the fourth in the world, Singapore suffers from a lack of foreign direct investments (FDI), especially from the United States. In Asia, Singapore and China took the most hit from COVID-19. US investors are choosing the US dollar as their safe-haven investment during this pandemic. The greenback is particularly attractive due to the notion that America will always find a way to keep its economy afloat. Among the fiscal measures taken by the US government and the Federal Reserve was increasing liquidity in the market. In total, the stimulus by these institutions amounted to $5 trillion. The government and its central bank are also looking to distribute the fourth phase of stimulus to the public to prevent its economy from collapsing.
USDSGD outlookPrice still in a bullish trend with a good uptrend line with multiple confirmations. Waiting for the break of the recent high to buy.
Price broke the downtrend line and 200SMA, retested it and closed higher on Friday. Target levels go in line with Fibonacci levels.
Sell option on the break of the uptrend line, if the sentiment turns against USD.
Please support the idea and share your thoughts on USDSGD!
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USDSGD XABCD BEARS 4300(NEW)before we kick start the update. your upvotes/subs are appreciated.
Why get subbed to to me on Tradingview?
-TOP author on TradingView
-professional chart break downs
-key levels
-no junk on my charts
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-24/7 uptime so constant updates
So without further due. Keep it short/simple and to the point.
USDSGD XABCD BEARS 4300(NEW)
IMPORTANT NOTE: this is speculative setup.
results not guaranteed. do your own due dill. at all times please use a stop loss.
This is an update of my previous setup from yesterday.
PRZ on H4 chart revised/updated to 4300.
look for rejection/reversal from that area.
details: see chart.
good luck traders.
get subbed to stay tuned for all the latest updates.
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USDSGD XABCD 2 options H2/H4(NEW)before we kick start the update. your upvotes/subs are appreciated.
Why get subbed to to me on Tradingview?
-TOP author on TradingView
-professional chart break downs
-key levels
-no junk on my charts
-frequent updates
-covering FX/crypto/US stocks
-24/7 uptime so constant updates
So without further due. Keep it short/simple and to the point.
USDSGD XABCD 2 options H2/H4(NEW)
IMPORTANT NOTE: this is speculative setup.
results not guaranteed. do your own due dill. at all times please use a stop loss.
Speculative XABCD setup in USDCHF on H2/H4 chart.
1) on the left - PRZ near 4250 for SHORTING
2) on the right PRZ near 4050 to go LONG
wait for either of the above to get confirmed
and enter upon reversal in the PRZ.
good luck traders.
get subbed to stay tuned for all the latest updates.
also add likes to support my efforts, thank you.
USDSGD M45 XABCD BEARS TP100(NEW)before we kick start the update. your upvotes/subs are appreciated.
Why get subbed to to me on Tradingview?
-TOP author on TradingView
-professional chart break downs
-key levels
-no junk on my charts
-frequent updates
-covering FX/crypto/US stocks
-24/7 uptime so constant updates
So without further due. Keep it short/simple and to the point.
USDSGD M45 XABCD BEARS TP100(NEW)
IMPORTANT NOTE: this is speculative setup.
results not guaranteed. do your own due dill. at all times please use a stop loss.
Speculative XABCD setup in USDSGD on M45 chart.
recommended strategy:
wait for rejection near PRZ 4210.
if/when rejected, scale in SELL STOP
orders below 4200. TP +100 points.
good luck traders.
get subbed to stay tuned for all the latest updates.
also add likes to support my efforts, thank you.
USDSGD long trade ideaPlan: wait for the price to bounce off from trendline or support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
USDSGD LONG TRADEUSDSGD broke downtrendline
then rebounded from demand zone at level 1.4132
Pair is in uptrend and above SMA 100
Price is based above HVN at level 1.4166 which indicates that pair is in accumulation phase
MACD shows bullish momentum
It's expected for opening long trade after exceeding resistance level at 1.4210
to target supply zone near level 1.4414
Don't miss the great buy opportunity in USDSGDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.4162). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 65.
Take Profits:
TP1= @ 1.4300
TP2= @ 1.4402
TP3= @ 1.4635
SL= Break below S2
Don't miss the great buy opportunity in USDSGDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.4162). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 65.
Take Profits:
TP1= @ 1.4300
TP2= @ 1.4402
TP3= @ 1.4635
SL= Break below S2
USDSGD long trade idea (update!)Plan : trendline and resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
USDSGD long trade ideaPlan : wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX