SGDEUR trade ideas
EUR/SGD 1D Chart: Channel UpEUR/SGD 1D Chart: Channel Up
The common European currency is gradually advancing against the Singapore Dollar in a long-term ascending channel.
The pattern started to form after the currency exchange rate made a rebound and ended to move a six month long horizontal movement.
One of the features of this channel is that, initially, it gained two reaction highs in a row and, afterwards, two reaction lows in a row, which suggests that the same situation might happen in future.
Last week the currency rate made a third rebound from the upper edge of the channel but failed to fall below the updated weekly PP at 1.6035.
Therefore, there is chance that the pair will surge one more time towards the weekly and monthly R1 near 1.6117 before making an ultimate slip to the southern direction.
Eur Sgd possible SHS formingcould be a forming SHS here ....again a nice rsi divergence while price formes a higher high
if we see the SHS completed and price starts to break its neckline we can get ready for a short ....but its a IF
if price goes up we need to reavaluate the the situation
and of course keep en eye on the Trendline ....
reacting to situations is the key ...not predicting
EURSGD Structure and Doji ShortEURSGD has potential to form a weekly bearish doji candle within a zone of structural resistance. If it does I'll likely short the pair with a similar trade as the one shown, targeting the 1.50 area.
Eur/Sgd very long term buyExpecting Euro to be in full control in the second half of 2017 and 2018.
I think the move up is the wave C of the monthly trend correction. There is a big chance this C wave is going to extend and form the first wave of the new long term uptrend. Buying the dips seems very tempting.
EURSGD...RISING breakout of long term trend line by tall bullish candle....
good fundamental news for EUR ....
buy...
sl=1.52
Descending Triangle on EUR/SGDA break and close above or below the trend lines could offer an insight as to direction, and a chance to enter a swing trade. Stops back at the trend lines are recommended as pull/throw backs are common. Follow through on the new direction if this occurs but again once the trend line is broken.
SEEL SETUPWe have had a breakdown from triangle pattern and retest of structure with strong rejection and solid drop . Therefore i expexct target to be reached.
EUR/SGD on the verge of breaking large-scale channelThe Euro has been underperforming against the Singapore Dollar for more than ten years already—but the pair might be beginning to give out bullish signals as the upper bound of the prominent channel down pattern starts to gain attractiveness. With the latest low failing to sustain amplitude, a falling wedge has emerged, and is strengthening the reversal scenario despite the small-scale descending triangle pattern. A break above the upper trend-line of the senior pattern could serve additionally as an up-wave to confirm a newly-formed downward channel with lesser steepness, setting the upper boundary as the next target outside of the prevailing pattern. In case the pair bounces off 1.6429, we will look for it to target the broken senior trend-line around 1.4314. There is a strong cluster right outside the large-scale pattern at 1.5375, consisting of various time-frame SMAs, an expansion and a pitchfork parallel, and it should show its presence if demand starts to pressure. The expansion also approximates a pullback area that has not been respected, giving more reason to believe that the trend is being broken. In addition, it can be observed that the pair had already showed similar conditions in 2011, when the correction-turned-slip was followed by a strong rally. The ADX shows that the trend has diminished and the pitchfork has been exited to the upside. To sum up - while there is no confirmation of the reversal in any form just yet, EUR/SGD shows strong potential for a turnover in market characteristics as the correction diminishes.
Short Flag EURSGD30A small flag, going short on the 30-minute chart. Price broke the 200 EMA, formed a flag and now this smaller flag.
I missed the breakout but still a decent Risk/Reward on this entry.
EURSGD Weekly Analysis 20-24 MarLets see if this is a move out of the pattern or just an adjustment.....
CATCH THE WAVE....AND RIDE IT!!!
EURSGD Weekly analysis 13-17 MarJust a good setup....I watch several exotic pairs. Nice flag that could go down more before the bullish move.....keep your eyes on it.....
a typical trend and correction we can see several correction in a down trend ...
sell after breakout on daily time frame
EURSGD Feb17Such a clean looking chart. A break up north on trend line resistance would set up a great long.
