Lower High on 1W Channel Down. Short.NZDSGD has just priced a Lower High on its 1W Channel Down (RSI = 35.543, MACD = -0.009, Highs/Lows = -0.0089, B/BP = -0.0174). 1D has just touched its 50% Fibonacci retracement point (STOCHRSI = 54.611, ADX = 20.663, Highs/Lows = 0.0000) and is expected to make a swift 100% completion. We are targeting the cross of the channel's intermediate and Lower Low inner extension so TP = 0.89015.
NZDSGD trade ideas
NZD/SGD Trading PlanNZD/SGD Trading Plan
Currency rate made a fake broke of key level 0.9192. D1 close upper it.
For me, it is a signal to open long position with low risk.
Most of the times big players protect such levels because when they made fake broke of the key level. They activate all limit orders of retail traders, for big players it is fuel. If someone wants to buy someones need to sell.
I set Buy Limit at 0.9204
S/L: 0.9164
T/P1: 0.9397
T/P2: 0.9672
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NZDSGD Bullish Bat Day chart Hi All,
Here we have a valid Bat pattern forming on the day chart. Valid due to points all falling within their given ratio:
B:0.382 - 0.50
C:0.386 - 0.886
D:1.618 - 2.618
X-D:0.886
Weekly chart trendline close to the D point so could show a test of that support trendine causing a bounce upwards
Will update daily