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SINGAPORE DOLLAR / EURO

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SGDEUR trade ideas

There is a possibility for second chance to buy in EURSGDTrading suggestion: If the Midterm level 1.5240 is broken, we will close open trades. Price may also reach 1.5240, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion is not according to our STRATEGY , and depends on personal strategies. Midterm forecast: While the price is above the support 1.5240, resumption of uptrend is expected. We make sure when the resistance at 1.5960 breaks. If the support at 1.5240 is broken, the short-term forecast -resumption of uptrend- will be invalid. We will close our open trades, if the Midterm level 1.5240 is broken. Technical analysis: The ascending flag taking shape suggests we will soon see another leg higher. A peak is formed in daily chart at 1.5545 on 04/20/2020, so more losses to support(s) 1.5365 and minimum to Major Support (1.5240) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 45. Trade Setup: Total Profit: 2678 pip Closed trade(s): 2385 pip Profit Open trade(s): 293 pip Profit Trade Setup: We opened 7 BUY trade(s) @ 1.5095 (day close price) based on 'Valley' at 2020.02.20. Closed Profit: TP1 @ 1.5160 touched at 2020.02.21 with 65 pip Profit. TP2 @ 1.5240 touched at 2020.02.27 with 145 pip Profit. TP3 @ 1.5365 touched at 2020.02.28 with 270 pip Profit. TP4 @ 1.5570 touched at 2020.03.06 with 475 pip Profit. TP5 @ 1.5720 touched at 2020.03.09 with 625 pip Profit. TP6 @ 1.5900 touched at 2020.03.16 with 805 pip Profit. 65 + 145 + 270 + 475 + 625 + 805 = 2385 pip Open Profit: Profit for one trade is 1.5388(current price) - 1.5095(open price) = 293 pip 1 trade(s) still open, therefore total profit for open trade(s) is 293 x 1 = 293 pip
Long
by ForecastCity
20
There is a possibility for second chance to buy in EURSGDTrading suggestion: If the Midterm level 1.5240 is broken, we will close open trades. Price may also reach 1.5240, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion is not according to our STRATEGY , and depends on personal strategies. Midterm forecast: While the price is above the support 1.5240, resumption of uptrend is expected. We make sure when the resistance at 1.5960 breaks. If the support at 1.5240 is broken, the short-term forecast -resumption of uptrend- will be invalid. We will close our open trades, if the Midterm level 1.5240 is broken. Technical analysis: The ascending flag taking shape suggests we will soon see another leg higher. A peak is formed in daily chart at 1.5545 on 04/20/2020, so more losses to support(s) 1.5365 and minimum to Major Support (1.5240) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 45. Trade Setup: Total Profit: 2678 pip Closed trade(s): 2385 pip Profit Open trade(s): 293 pip Profit Trade Setup: We opened 7 BUY trade(s) @ 1.5095 (day close price) based on 'Valley' at 2020.02.20. Closed Profit: TP1 @ 1.5160 touched at 2020.02.21 with 65 pip Profit. TP2 @ 1.5240 touched at 2020.02.27 with 145 pip Profit. TP3 @ 1.5365 touched at 2020.02.28 with 270 pip Profit. TP4 @ 1.5570 touched at 2020.03.06 with 475 pip Profit. TP5 @ 1.5720 touched at 2020.03.09 with 625 pip Profit. TP6 @ 1.5900 touched at 2020.03.16 with 805 pip Profit. 65 + 145 + 270 + 475 + 625 + 805 = 2385 pip Open Profit: Profit for one trade is 1.5388(current price) - 1.5095(open price) = 293 pip 1 trade(s) still open, therefore total profit for open trade(s) is 293 x 1 = 293 pip
Long
by ForecastCity
20
EURSGD 1h AutoUFOs™ Trade Alert! 27 March 2020Basic Approach: -Long Entry @ 1.5675 -Protective Stop Loss @ 1.5610 -Take Profit @ 1.5740 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: -Trade in the direction set by the overall Market Environment -Select Take Profit Targets located at a reasonable/achievable distance -Higher time-frame key price points such as 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 -Apply Trade Management techniques to lock in profits once the trade begins moving in the right direction -------- They are many ways on how to trade, but prices would not move unless Un-Filled Orders (UFOs) get filled. Join our YouTube Channel ‘tradewithufos’ and be notified of upcoming live trading sessions. Disclaimer: We do not provide investment advice, nor provide any personalized investment recommendations and/or advice in making a decision to trade. Before you start trading, please make sure you have considered your entire financial situation, including financial commitments and you understand that trading is highly speculative and that you could sustain significant losses.
Long
by UnknownUnicorn3937504