USDSGD: H4: ShortPrice under downtrend. Medium trend line breakout. Bears are strong. D1 momentum is begin.. Let's short!!
SGDUSD trade ideas
USD SGD BUY (US DOLLAR - SINGAPORE DOLLAR)Hi there. Price is forming a continuation pattern to the upside.
Watch strong price action at the current levels for buy.
USD/SGD breakdown bearish wedgeDollar index weaker and 1.9T stimulus
Breakdown bearish wedge today, full red candle
Prefer to SELL
Take 30-50 pips profit
JUST FOR IDEAS!!
DISCLAIMER!!
This is for general information purposes only. It is not investment advice or an inducement to trade.
USD/SGD POSSIBLE BOTTOM FORMATION ABOVE 1.333Pivot 1.325
Long signal on the 4hr targets 1.333 then 1.357 Stop 1.325
Break of 1.325 targets 1.300 then 1.200
Long term downtrend
Medium term downtrend
Short term downtrend (possible bottom if 1.325 holds)
USDSGD on a counter channel 🦐USDSGD on the 4 chart is moving inside a daily descending channel.
The market after the bounce on the weekly support, bounce until the 0.786 Fibonacci retracements inside a channel.
If the price will break below, according to Plancton's strategy, we can set a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
UPDATE: short confirmation USDGDThe macd crossed over the signal line giving us a buy signal, I bought in at the resistance point but it is not too late for a good risk reward ratio. Set stop loss at latest swing high and let the momentum run its course.
REPUTATIONi need 5 reputation in order to be able to chat so i can learn, For this chart i think it will bounce off the resistance line i drew and continue the previous downtrend, take a look on the 4hr chart too.
big potential reversal if it cant get through this resistanceUSDSGD
Could have a big swing down if it gets enough momentum bouncing off this resistance line at the 200 ema, look for a reversal signal
PLEASE UPVOTE FOR REPUTATION SO I CAN CHAT :)
USDSGD Short short & Short!
We are yet to have meaningful progress in this currency pair upside trajectory. Therefore we short further!
This is not financial advice.
USDSGD bullish swing to $1.3685One of the limits for the year has been triggered by this instrument so I am long the currency pair. I typically close instruments based on weekly close so a weekly close below $1.3206 is my reason to close and potentially switch sides. This trade will be held for weeks once it goes into profit.
I got filled at $1.32935 with a SL of $1.314 with a target of $1.3685
This is for entertainment purposes only.
Trading come with risk and you should consult a financial advisor for financial advice.
SGDUSD soars like a Phoenix.And keeps going strong. Strong bullish signals on this one to take us even higher. A good change in light of many Asian pairs going red.
USDSGD to 1.35Guys, this is what I am looking at for now. It does not mean that the bear trends is over but the way I look at the chart, this could be a relief rally of sort. So, I am merely taking advantage of this situation and go long temporarily.....
1.35 is a guide , it could be even higher or lower and I would update as frequently as I could.
💡Don't miss the great buy opportunity in USDSGDMidterm forecast:
While the price is above the support 1.2995, beginning of uptrend is expected.
We make sure when the resistance at 1.3460 breaks.
If the support at 1.2995 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
A trough is formed in daily chart at 1.3146 on 01/06/2021, so more gains to resistance(s) 1.3335, 1.3390 and maximum to Major Resistance (1.3460) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 53.
Take Profits:
TP1 @ 1.3335
TP2 @ 1.3390
TP3 @ 1.3460
TP4 @ 1.3675
TP5 @ 1.3785
TP6 @ 1.4035
TP7 @ 1.4635
TP8 Free
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💡Don't miss the great buy opportunity in USDSGDMidterm forecast:
While the price is above the support 1.2995, beginning of uptrend is expected.
We make sure when the resistance at 1.3460 breaks.
If the support at 1.2995 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
A trough is formed in daily chart at 1.3146 on 01/06/2021, so more gains to resistance(s) 1.3335, 1.3390 and maximum to Major Resistance (1.3460) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 53.
Take Profits:
TP1 @ 1.3335
TP2 @ 1.3390
TP3 @ 1.3460
TP4 @ 1.3675
TP5 @ 1.3785
TP6 @ 1.4035
TP7 @ 1.4635
TP8 Free
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Multiyear trend line decision I think we're going to see an interesting turn of events for this pair. We've hit a multiyear trend line which could send this back up to the 1.2 or 1.5 regions.
Information that Singapore Traders needHey, USDSGD is a pair that I don't usually trade but observe occasionally at it is a counter that aids the decision of my withdrawals.
If you are looking to withdraw the level at 1.2997-1.3107 candle close on the monthly chart is quite important, that level needs to hold if not a potential of it to fall to 1.2762 is possible.
Traders like myself will have to observe closely at 1.3442 and I'm expecting it to happy by 31May2021.
