AUDSGD Bullish patternThe pattern is still in the bullish trend seems based on different tools like Dow theory, chart pattern, trend line and candle stick behavior. The chart is now at the dip so good opportunity for buying. However one criteria which support bearish pattern is that in April this pair is 7 out of 10 times bearish in last ten years. Therefore two strategies are given for both buying and selling. The given buying and selling price are for 1:1 risk reward of 0.1 lot size.
(Stop loss edited from previous published chart)
AUDSGD trade ideas
AUDSGD Bullish patternThe pattern is still in the bullish trend seems based on different tools like Dow theory, chart pattern, trend line and candle stick behavior. The chart is now at the dip so good opportunity for buying. However one criteria which support bearish pattern is that in April this pair is 7 out of 10 times bearish in last ten years. Therefore two strategies are given for both buying and selling. The given buying and selling price are for 1:1 risk reward of 0.1 lot size.
AUDSGD Bullish patternThe cup and handle chart pattern can be detected on this currency pair. Take an entry after the value takes a slight increase to be sure of the bullish pattern. Assign stop loss and profit taking according to the risk-reward ratio. The values given in the cart are based on the risk reward ratio of 1:1 with a lot size of 0.1.
๐กDon't miss the great buy opportunity in AUDSGDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.96690).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDSGD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 56.
Take Profits:
TP1= @ 0.97073
TP2= @ 0.97409
TP3= @ 0.97830
TP4= @ 0.98296
TP5= @ 0.98671
SL= Break below S2
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๐กDon't miss the great buy opportunity in AUDSGDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.96690).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDSGD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 0.97073
TP2= @ 0.97409
TP3= @ 0.97830
TP4= @ 0.98296
TP5= @ 0.98671
SL= Break below S2
โค๏ธ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the ๐ LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
โค๏ธ Your support is very much ๐ appreciated! โค๏ธ
๐ Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, โค๏ธ
ForecastCity English Support Team โค๏ธ
AUDSGD potential reaction zone?>>>>>>>>>>>>>>>>
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
AUDSGD at its key $1 level again...Hold or break, wait for market cue...
>>>>>>>>>>>>>>>>
Hello there!
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! ๐
And if you would like to show further support for me, you can gift me some coins on tradingview! ๐
Thank you!
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!