POTENTIAL SHORT TRADE SET UP FOR AUDSGDPair: AUDSGD
Analysis: Chart Patterns + Highs & Lows + Impulses & Corrections
Directional Bias: Short
Entry: Continuation Corrective Structure on the LTF's.
⚠️ Do your research and apply proper risk management as nothing is guaranteed in forex trading. As we have often said, this is a high risk venture and past performance is not indicative of future results. Trade Responsibly!
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AUDSGD trade ideas
Trading AUDSGD: Consider Long Entry at Support LevelIn the four-hour candlestick chart, AUDSGD is currently trending downwards. It's risky to short now as it has reached the bottom level . Taking a long position at this support level is a better option.
But remember that, this support area is slightly tested.
Long entry: 0.88641
Stop loss: 0.88002
Target: 0.90603
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Alpha Trading Station
Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market
Perfect automated detection of Cypher & Shark PRZ - LongA bullish-type Cypher pattern occurred within the support zone of 0.9140-0.9169.
If the price drops to 0.91085, a bullish-type Shark pattern could occur.
Long after seeing the rebound.
*Harmonic patterns and support/resistance zones are automatically detected using the indicators below.
- Harmonic auto-detect PRO
- Support/Resistance Zone Auto PRO
Perfect automated detection of AB=CD pattern - LongA Bullish-type AB=CD pattern occurred within the support zone of 0.9170-0.9230.
(In this support zone , there was a rebound in May 2020, Feb 2020,...)
Also on the weekly chart, Bullish-type AB=CD pattern is occurring.
Long after seeing the rebound. At that time, be careful of re-inversion in the resistance zone of 0.9350-0.9470.
*Harmonic patterns and support/resistance zones are automatically detected using the indicators below.
- Harmonic auto-detect PRO
- Support/Resistance Zone Auto PRO
SHORT AUDSGDThe pair is trading near a key area and I believe it will breakout. Currently, this pair is below the MA and is bearish, coupled with gold (Strong correlation with AUD) entering into a bearish condition, I can foresee this pair attempting to trend upwards and then breaking out. This setup gives us a good RTR.