SGDEUR trade ideas
Long on EURSGDWent long on EURSGD. Continuation of structure with steady upward momentum. 1:3 risk-reward which means low-risk/ high-profit potential; exactly the plays we look for at Clockwork_Capital.
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EURSGD Short Opportunityprice has broken support retraced perfectly to retest newfound resistance and engulfed. High probability of hitting profit zone and daily trend line. Have a great trading week guys
EURSGD possible sellPrice has moved out of the ranging zone, it is retracing . A bearish candle is what we are waiting for for entry to target a nice risk-reward ratio (about 1:5). We would sell when price gets to 1.6065 ( our safe area).
EURSGD - potential shortAfter bull run EURSGD looks to reverse. Went side ways with declining MACD/RSI. RSI below 50 now.
If it retests the previous channel (A) then we can go short. It will have a nice opportunity to hit all the way to (B)
Let's see!
EUR/SGD ShortPretty Simple Break and retest structure, broken uptrend and pretty sure of a retracement to the lower levels here. Let me know if you like the idea, and if not a little feedback goes a long way. all in all hope everyone is prepping for the coming trading week.
EURSGD OPEN SHORT , RECTANGLE PATTERNEURSGD Confirming potential pattern " Rectangle " and moving towards the target, I opened Short (sell).
EURSGD short : 1.60685
EURSGD target : 1.58854
Stop loss : 10% (or 1.6138)
Wish you the best deals
EURSGDEURSGD has been consolidating, but with a break of 1.61 level I expect to see EURSGD continue down to 1.59000$....
Playing Both Sides Until a BreakoutThis market is in severe consolidation mode after forming a solid trend higher.
Whilst a breakout with the longer term trend would be favorable for longer term traders, for shorter term traders there are other opportunities.
Price is trading within a clear-cut range.
Whilst we do not want to get caught trading within the middle of the range and chop, trades can be found from the range highs and lows (support and resistance).
EURSGD resistance turning into supportIn this clear uptrend, we can identify a triple top once the prices overcame that important resistance level (on the left side) which to me can turn into a solid support now. Let's wait for the prices to retrace from the last descent to enter a safe trade with a nice r/r ratio (2.60).
EURSGD Breakout From RangeEURSGD Breakout From Range. Retest to level occurred on H1 and H4 Chart. Let's see if retest will occur on Daily Chart.
EURSGD Entry Price 1.62810 | Wait For The Breakout EURSGD Entry Price 1.62810 | Wait For Price To Break Level With Daily Candle Close
EURSGD Entry Price 1.61150 | Wait For The BreakoutEURSGD Entry Price 1.61150 | Wait For Price To Break Level With Daily Candle Close
EURSGDHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied
EURSGD is still range boundEURSGD is still in range, once 1.6100 or 1.6300 is taken out the we will get quick movement and see either 1.5900 or 1.6445
EURSGD . bullish or bearish??The price has been in the range for several days.
in my opinion, if this support line breaks by the seller's pressure, the price could fall to the support line .
Of course if there was strong signal, the price can break the up trend line.
But the current bearish wave changes its direction, the price will rise to the resistance .
EURSGDProbability of breaking 21/08/20 low (1.61211) ~70%
Entries: Possible entries highlighted on chart
Note: discount zone are invalid if price broke the high.
