USDSGDEven though on the M TF there is a huge wick, but the price couldn't penetrate deeper. as we can see on the 4H TF the trend has changed. if the trend doesn't change, we have a chance to hop in. if the price making a higher low without hitting our zone we will cancel this trade.
Drop a comment below of you take this trade.
USDSGD
USDSGD long trade ideaon my previous USDSGD short trade analysis (link attached below!) price perfectly hit the final target and currently, we are seeing price playing inside a rising wedge pattern, here's the plan. good luck!
Plan : 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 technically based forecast
📌Short intro:
I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas
💡 USDSGD technicaly based idea, we can see price is bounce from supp line - trend line, 3 tops are created, candels foramtion strong bearish, technicaly indicators showing we can expect higher bearish market continuation from here.
📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment!
Thanks on supporting!
All best, good luck!
USDSGD short trade ideaPlan : wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**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 Short IdeaI rarely ever go near this pair but recently i'm starting to think I should.
Tomorrow is NFP so trade carefully but I really am banking on USD weakness after weeks and weeks of the economy seemingly being propped up out of nowhere. Despite the issues the USA are facing with their handling of (the C word) and the fact that its left over a million in America completely without jobs which in my eyes makes USD pairs especially ones that have rallied to high resistance levels and rejected on the higher time frames to signal this USD bull run coming to an end finally.
I've caught a few pips especially given these hard times where I would imagine alot of scalpers thrive.
Anyway simple enough setup I am looking for more than the 85 pip TP shown in this trade idea in the long run but I have a 30 pip stop setup here should price decide to move back up into the triangle which it has seemingly broke out of and then retested on the lower time frames to allow me to at least get one entry on this move.
My alert for my sniper entry was placed 10 pips too high and that would've allowed this trade to already be 30 pips up but nevertheless I have taken my first short position now.
If I get stopped out for 30 pips so be it the move is too tantilizing to turn down with my second target being 150 pips and my third overall target sitting at around 450 pips.
For the sake of a 30 pip stop and the potential for an even better entry going into tomorrow and next week in my eyes is worth it.