CADSGD trade ideas
CADSGD - On good supportLONG - CADSGD
SL: 1.02185 (Suggested by our algorithmic system)
TP: 1.03394 (Suggested by our algorithmic system)
Reasons behind this idea:
1. Price is on multiple support levels
2. Stochastic showing bullish crossover on oversold level
3. RSI bullish divergence and close to oversold.
---------- Chart Drawings ----------
Blue Dotted Line: Broken Support Trendline
Red Dotted Line: Broken Resistance Trendline
Blue Solid Line: Support Trendline
Red Solid Line: Resistance Trendline
Blue Rectangle Box: Support Level
Red Rectangle Box: Resistance Level
Blue Arrow Line: Bullish Divergence
Red Arrow Line: Bearish Divergence
Purple Vertical Line: Suggested Stoploss by our algorithmic system
Green Vertical Line: Suggested Stoploss by our algorithmic system
Trade idea from our mobile app: ibb.co (Timestamp is in Australian Sydney Time UTC+7)
Please trade responsibly and good luck!
CADSGD 1h AutoUFOs™ Trade Alert! 02 December 2019Buy Limit @ 1.0285
Protective Stop Loss @ 1.0250
Take Profit @ 1.0320
Rationale:
Buy Un-Filled Orders (Green UFO ) available in the 1h time-frame
Sell Un-Filled Orders (Red UFO ) further above allowing for the current trend to continue developing
Boosting Options:
Higher time-frame moving average values or Fibonacci retracements coinciding with the entry price
Confirmation-style Market Order execution after waiting for price to travel in and out of the entry UFO
CADSGD 1h AutoUFOs™ Trade Alert! 02 December 2019Buy Limit @ 1.0285
Protective Stop Loss @ 1.0250
Take Profit @ 1.0320
Rationale:
Buy Un-Filled Orders (Green UFO ) available in the 1h time-frame
Sell Un-Filled Orders (Red UFO ) further above allowing for the current trend to continue developing
Boosting Options:
Higher time-frame moving average values or Fibonacci retracements coinciding with the entry price
Confirmation-style Market Order execution after waiting for price to travel in and out of the entry UFO
CADSGD technically oversoldLONG - CADSGD
SL: 1.02069 (Suggested by our algorithmic system)
TP: 1.03173 (Suggested by our algorithmic system)
Reasons behind this idea:
1. Stochastic and RSI indicators suggests this currency pair is oversold
2. RSI and On Balance Volume indicators is showing bullish divergence
Caution: MACD is still showing bearish momentum
---------- Chart Drawings ----------
Blue Dotted Line: Broken Support Trendline
Red Solid Line: Resistance Trendline
Blue Arrow Line: Bullish Divergence
Purple Vertical Line: Suggested Stoploss by our algorithmic system
Green Vertical Line: Suggested Stoploss by our algorithmic system
Trade idea from our mobile app: ibb.co (Timestamp is in Australian Sydney Time UTC+7)
Please trade responsibly and good luck!
CAD/SGD - A nice LONG direction setup*** DISCLAIMER ***
Any and all commentary, research, analyses, or other information published by me on this website are provided as general market commentary, and do not constitute investment advice nor a solicitation and there are no guarantees associated with them. I am not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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At the moment we are in the lower bound of a 10 months old channel. Now, there is a nice long direction setup with also a nice R:R, so if I will see a bullish pattern as confirmation, I'll go long.
CADSGD looks good to go LONG now, but looks can be deceiving!Reasons behind this idea:
1. Detected bullish squeeze on the 1Hr Timeframe by our algorithmic systems.
2. Stochastic indicators are headed in the oversold zone.
3. Bullish hammer candle pattern on a support trendline.
Caution: MACD indicators have crossed bearishly.
---------- Chart Drawings ----------
Red Line: Resistance Trendline
Blue Line: Support Trendline
Purple Line: Suggested Stoploss
Green Line: Suggested Take Profit
Please trade responsibly and good luck!
CADSGD: Medium and long term Sell Opportunity.The pair has been trading within a 1D Channel Down since August/ September peak (RSI = 52.914, MACD = 0.000) and is currently testing the 1D MA50. Even though the Lower Highs are clear, the pattern lacks the latest Lower Low and we are taking this opportunity to go on a medium term short towards 1.0300. Long term trades may wait for an even bigger sell opportunity towards 1.01000 (1W Support) if the Channel Down breaks downwards.
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