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SINGAPORE DOLLAR / U.S. DOLLAR

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SGDUSD trade ideas

USDSGD Rare OpportunityHey traders, I hope everyone is doing well and have had a fantastic week so far! Just doing my evening analysis and this wildcard is shaping up very nicely to the downside. It is rare that we get so many positives for one trade but this is one of them times so I'm keen to see how the market plays out tomorrow. This one could shape up while I'm asleep which I'm well aware of and I'm happy to accept but if I wake up during the night, I have a clear game plan on how I want to enter the trade so there'll be no hesitation on my side. This is why having a clear game plan for each scenario is so important. I'd love to hear your thoughts on this trade, if you're looking at something similar or something completely different. Please feel free to comment below.
Short
by JoshThomas04
2
Don't miss the great buy opportunity in USDSGDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.4162). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USDSGD 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 65. Take Profits: TP1= @ 1.4300 TP2= @ 1.4402 TP3= @ 1.4635 SL= Break below S2
Long
by ForecastCity
10
Don't miss the great buy opportunity in USDSGDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.4162). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USDSGD 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 65. Take Profits: TP1= @ 1.4300 TP2= @ 1.4402 TP3= @ 1.4635 SL= Break below S2
Long
by ForecastCity
16
USDSGD SHORT...could be a hidden gem 💎HTFs - the weekly structure shows a clear sideways channel with major highs broken and signs of a bearish reversal to downside. Now forming a continuation structure with a slight descending angle. Price action pretty clean with identifiable patterns | LTFs - the angle is descending suggesting upside, but that's only part of the story. The structure is clear and there is a clue in the ascending running channel forming at the end of the pattern. Note, this also has a clear middle section increasing reliability of the pattern | ENTRY - if price breaks that mini high correctively and rejects at the top of the running channel/larger descending structure, I'll be aggressive with my entry. If price is impulsive on approach to edge of structure or breaks structure, I'll wait for the market to show a signal it's turning bearish
Short
by CourtneyCharles
7
USDSGD long trade idea (update!)Plan : trendline and resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
3
USDSGD-No clear direction to trade...but i will exit @1.4250...Market Commentary: First have an look for the positional trend i shared here previous....if you are a follower of me...and sometimes i will share the counter trend trade also in 15 mins and 1hr...but that is risky ones...so if the trend is bearish or bullish, if i am expecting the correction...book the profit there and wait the correction to end and again go with the trend....DONT TRADE THE COUNTER TRADE SETUP...you will took loss too...try to identify the sort term pull back and the long term pull back after that took small lots in the short term PB with strict stop and go with big lots in the trend side that is long term. Read the market commentary inside the chart what i shared here carefully and try to learn Elliott waves...otherwise its tough to understand the market commentary and my analysis. I wont give a entry, stop loss and take profit in my chart...it is only for EDUCATIONAL PURPOSE and i am sharing how i am analysing the pair and labelling them according to the Elliott wave theory...I AM JUST SHOWING THE TREND HOW IT MAY GO AND MY VIEW(it may wrong too)..so DON'T FOLLOW BLINDLY MY CHART..take this as a reference and if it correlate to you strategy took the trade as per your strategy...DON'T ASK ABOUT YOUR RUNNING TRADES i wont comment on them and I WONT SUGGEST TO TAKE MY TRADE SETUP.
by nmkvijay
3
USDSGD 4h, ReversalI've found great consistency with scalping lately and now I'm looking to add another skill to my arsenal. I want to be able to add longer-term trades that I can put on overnight while I'm waiting for my next scalping session. I'm also venturing out and adding more pairs to the few that I know well. I don't trust a lot of pairs when it comes to scalping because they have different intraday patterns that I'm not familiar with, but I've noticed that the higher timeframes have more consistency. Also the spreads are bigger on the more exotic pairs, so they are nearly impossible to scalp with. I'll stick to the more liquid pairs that I'm familiar with in that regard.
Long
by StravinskyTrades
6