AUDSGD trade ideas
AUDSGD H&S formingPrice hitted an important S/R level, but it couldn't break it, forming an H&S. Looking to sell if the neck will be broken, good R/R.
Trend Line BouncePretty strong 4 hour Trend Line... Looks like it's going to bounce and continue up...
Aussie setups building upThere are quite a few reversal setups building up right now and I wanted to highlight one in particular.
The AUDSGD has been in the recent uptrend for some time and 1.048 is the bottom of a previous resistance zone. The ultimate high is a little higher at 1.0516 but it seems like price is already finding supply.
We haven't broken the 20 SMA in 10 days and the uptrend shows a strong structure. The divergence is also adding confluence here. The BB spike didn't happen and price even failed to reach the outer BB. We had some type of reversal pattern: large bullish candle, pinbar, large bearish candle.
The only thing missing is the break of the 20 SMa with a strong bearish candle. DON'T enter just yet but wait for the confirmed signal.
AUDSGD Going Sideways but near historical lowsAUDSGD is near historical lows but current price action is showing the pair in a sideways consolidating channel.
Wait for 0.98 to Long AUDSGD, bullish BATMissed a great chance to short AUDSGD in bearish butterfly.
Never mind, let's wait for 0.98 to Long AUDSGD, bullish BAT.
Long AUDSGD after MAS easing policy and AUD employment dataBetter than expected employment data from Australia this week boosted the AUD against most currencies. Due to the previously weak USD, AUDUSD had already moved into a bullish sentiment zone, and this weeks data adds to that conviction. We note however a potential trade setup for AUDSGD as the good Aussie data accompanied by the easing move by MAS allowed the pair to break above the 1.04 handle, to turn the current sentiment from a neutral sideways market to a bullish break out.
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AUDSGD - Meeting with Former Resistance TrendlineAUD have been rally strong across the board, with Positve news impact, but will Rally end or keep moving. On AUDSGD, its meeting former Resistance Trend Line. here, we can wait for confirmation. To go Short or Long, but my biased is still on the Short Side.
