AUDSGD trade ideas
Two Level ShortPair is approaching a key support level. Set pending orders at the level and if it breaks it, price will move through to the yellow box. Profits can be taken there for the short term trader but if you really want the big money, wait until price gets into the green box and tests a more significant support level. This may take one or two weeks to play out but it will payoff if these levels are breached.
-TheHonestTrader
AUD/SGD Continued SELL (New FIB Idea)On June15th I published an idea to go short on this pair. That has worked out so far but what about potential targets. The initial move up from 19th March, I think has hit the top. A sub move from 18th May in mini waves has completed and so I think the selling should continue. The rate of the selling retrace is slow and unconvincing at the moment. Therefore, there may well be moves back to the the top again. I do however think though that overall, the move will be down to the FIB23% line for the larger move which so happens to be the fib 61% of the sub move. Looking forward to see how this idea works out.
AUDSGD still in a beautiful uptrendAUDSGD is still moving in a nice uptrend, as it is respecting the trendline support and resistance. Since it made a bounce off the trendline support to break the resistance that was above it. We're most likely to see it break the next resistance to make new highs.
AUD/SGD IdeaOn the daily you can see three days down and now the most recent 3 days of buying has fallen well short. It is a SELL.
AUD/SGD IdeaI normally only show daily charts but the 4hr shows it a bit clearer. I think the buying is done and it's a SELL to at least 0.9050. That is the the FIB 50% retrace from the initial move up that started middle of March. This current move up has hit the 61% FIB from the initial move down on 9th June. It may of course go higher but I think that todays candle will not close above 0.9663. Looking forward to finding out what happens next.
06.10.2020 AUDSGD SHORTBreak of structure on 1hr, and now retesting that level. Price looks like it has room to retrace to 4hr level of structure.
AUDSGD: Potential for a corrective moveAUDSGD: Potential for a corrective move
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AUDSGD: Bearish Harmonic- SELL1.Bearish Harmonic
2. TP 1 = 77 pips
TP 2 = 124 pips
TP 3 = 204 pips
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Don't miss the great buy opportunity in AUDSGDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.9247). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDSGD 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 68.
Take Profits:
TP1= @ 0.9353
TP2= @ 0.9433
TP3= @ 0.9548
SL= Break below S2
Don't miss the great buy opportunity in AUDSGDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.9247). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDSGD 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 68.
Take Profits:
TP1= @ 0.9353
TP2= @ 0.9433
TP3= @ 0.9548
SL= Break below S2
#AUDSGD [4H] RISK-OFF May kick it downwards again...SAXO:AUDSGD Is sitting below a cluster of Weekly, Monthly and Annually Supply zones as well as a monthly downtrend extended since July 2017. If Risk-Off kicks in again then we might see a potential fall in this pair sliding smoothly to the nearest weekly demand zone @ 0.8700
Follow for more setups...
AHMEDMESBAH
AUD/SGD High Probable Trade 1:4This trade idea is based on price action, trendline analysis and major support/resistance zones. It is a high probable trade with a small risk high reward ratio.
Enjoy!!!!
