EURSGD trade ideas
EURSGD Sell SignalPattern: Channel Down with a long-term bullish Channel.
Signal: Bearish as the MACD is on a negative cross.
Target: 1.5500 (short-term) and the 1D MA200 (long-term).
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EURSGD [1HR.] Easy Wait for confirm to sell it 💥💥💥💥EURSGD Easy Wait for confirm to sell it 💥💥💥💥
Cheer it :😍😍😍😍
1. Resistance ▶▶▶ 1.572XXX
2. Support ▶▶▶ 1.567XXXX
🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢
Falling WedgePotential falling wedge with continuation on the downside. Small position, but worth noting. TP at 1.5600 SL at 1.5657
TheHonestTrader
EURSGD rejected by historical trend line 🦐The market after the recent rally got rejected by the historical trend line in red.
Now the price broke and retested the support line and currently trying to break the structure at the 0.382 fib level.
IF the market will mange to break the structure we can set a nice short order according to our rules with a possible target around 1.551 or 0.618 golden ratio.
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Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
EURSGD potential bearish reversalon DAILY: EURSGD is sitting around a resistance zone in blue so we will be looking for objective sell setups on lower timeframes.
unless price breaks it upward aggressively, then a bullish movement till our next resistance in purple would be expected.
on H1: this pair formed an objective trendline in red, and it is now forming a double top pattern.
So we are waiting for a momentum candle close below our last swing that forms around our red trendline to sell EURSGD.
meanwhile, EURSGD would be overall bullish.
