SGDNZD trade ideas
There is a trading opportunity to buy in NZDSGDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.9030). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDSGD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 77.
Take Profits:
TP1= @ 0.9090
TP2= @ 0.9160
TP3= @ 0.9340
SL= @ 0.8940
There is a trading opportunity to buy in NZDSGDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.9030). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDSGD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 77.
Take Profits:
TP1= @ 0.9090
TP2= @ 0.9160
TP3= @ 0.9340
SL= @ 0.8940
NZDSGD: Long term short opportunity.The pair has been trading inside a 12-month long Channel Down pattern on 1M (MACD = -0.013, B/BP = -0.0366) and the neutral RSI = 45.338, Highs/Lows = 0.0000 indicate that we are close to a bearish reversal point following the rise since the beginning of the year. The Channel's Lower High was placed earlier in December and we have a long term bearish leg ahead of us in search of the Lower Low. As measured, this should be within 0.85239 - 0.85750. However we are following a more sensible medium term TP of 0.8900 (the previous Lower Low).
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Comments and likes are greatly appreciated.
NZDSGD Short Daily/4-hourNot sure about this trade. It looks like its setup nicely for another move down as price has retraced into resistance and is now printing indecision candles at this important level. Plenty of room for a 200pip move down.
However, I am not keen on the large rejection candle on the daily and how the previous weekly candle closed.
If I take this, I'd wait for price to break and close below the 4-hour trend-line.
NZDSGD Long Daily/4 hourThis is a potential long on the NZDSGD. We already caught a small 95 pip move off the bull flag and now we're getting a a little nested pullback (which as you know I really like and its better seen on the 4 hour). I will look to go long on further bullish momentum or break of the 4 hour trendline. There seems to be some room for a nice big move up into trendline + horizonal resistance.
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.
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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