EURSGD trade ideas
EUR/SGD - Bullish TrendEUR/SGD is in a bullish trend. Expecting the price to continue printing HH & HL!
EUR/SGD Take Profit at 1.452Closed Trade at Price Level 1.452. Wait for another pullback to the Pivot Point + Trend Line in an uptrend.
EURSGD CONFLICT ZONE = LONGTrend lines conflict zone + 4 H chart 50 MA + 1 H chart 200 MA + 0.5 Fib level. Expecting a bounce from this level
Long @ 1.440
SL @ 1.438
Target TP 1 @ 1.446
Target TP 2 @ 1.451
EURSGD 1H - Bullish FlagAnalysis:
EURSGD is currently printing a Bullish Flag. If the price breaks above 1.45182 which is top of the pole, it will be a sign of bull trend continuation. In this case we can enter in a long trade. For this trade the stop loss will be at 1.44374.
------ Trade Plan------
Type: Long
Entry: 1.45182
Stop Loss: 1.44374
TP1: 1.45990
TP2: 1.46975
EURSGDEURSGD - Break out...Coming soon!
EURSGD - Technically it's brewing for break out to either direction. We are currently within the ranges of Highs: 1.44965 Lows: 1.41187
If we are to break the lows, expect the recently low areas of 1.37625 to be target areas.
If we are to break the hight, expect the the two key resistance areas to be tested and to be target areas 1. 1.47285 & 2. 1.49660
I have even enjoyed trading the USDSGD - very clean set ups!
Have a great week ahead,
Trade Journal
EURSGD - W patternHello traders! We can spot a similar formation on EURSGD as on EURJPY, about which I discussed in my previous post, and which has already reached the take profit. EURSGD also seems to create a strong impulse downwards, completing to the neckline the W that was formed on the daily timeframe . We can see that the MACD is below 0 and EMAs are crossed, showing us a bearish environment. From here, there is a high probability of reaching the neckline of the daily W, going to at least at 1.425
OANDA:EURSGD FOREXCOM:EURSGD
EURSGD; Pivot Point; Parallel Channel; Take Profit 1.4440Confluence
P (1.413) ; Channel Support ; Engulfing Candlestick
Entry Price 1.42404 Target Price R (1.444)
EURSGD SHORT POSITIONIts looks like best entry to go short because it is now getting rejected from the resistance area so entry with proper risk management
EURSGDThere is a trendline that has been broken. And it has been retested. I think it is the best trade setup so far.
Perfect automated detection of WhiteSwan pattern - ShortA Bearish-type WhiteSwan pattern occurred.
Also on the daily chart, Bearish-type WhiteSwan pattern may occur in the future.
Short after seeing the rebound.
*Harmonic patterns are automatically detected using the indicators below.
- Harmonic auto-detect PRO
EURSGD LONG OVERVIEWWe established a trend and cleared the first cycle of fibonacci targets and on to second round of Fibs. We have been establishing a possible up trend of Higher Highs Higher Lows.
How forex can help you to save for your kids' educationSee tuition fees here
So for a bachelor degree, I would need 42,500 EUR (excluding Room and Board). That is equivalent to SGD 66,000 based on current price action.
I assume actual exchange rate may differs but this is a rough guide for planning purposes.
The chart shows since 2008 till current (12 years) that one can make about 53% from buying into this pair and hold till the peak at 0.69. Now that it has return to the bullish trend line, it serves as another good buying opportunity for the mid to long term.
A good 8-10% profit can be expected so long as the bullish trend line stays intact.
I hope this can serves as a good education planning tool for some parents out there.
EUR/SGD Price fall after Breakout Support - SHORT EUR/SGD after the retest on the previous trendline and the Breakout of the Local support, the price falls down. Stochastic in overbought ready to drop meanwhile the RSI still in bearish side.
EURSGD $EURSGD Initial ShortEURSGD $EURSGD Initial Short. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
EURSGD Long Opportunity - Wait for newsEURSGD has been travelling in Bearish narrowing channel.
Any positive news outcome potentially magnifies compressed bounce.
Wait for confirmation by break of channel high before entering long position
EURSGD Long Dragonfly DojiIf valid indication of previous support found at base of descending channel, high probability of bullish retracement to centre of channel.
EURSGD UPDATE Price make an impulsive move to the upside and drop back to the QML level, i expect price to rally to the upside as wave 3 after breaking the ending diagonal chart pattern
EURSGDprice created FOZ and rejected at the qml, i expect price to move to the high before moving to the higher high
EURSGDprice created FOZ on the weekly chart. and last week the price dropped to the QM level. it is expected to reject the demand level and rally to the upside
