SGDUSD trade ideas
USDSGD - running blue +22 pips so far..Very simply strategy, the chart speaks for itself.
For more information on our strategy please view our 'Scripts' page on our Trading view profile.
Our V2 strategy shows the SL and multiple TPs on the chart too.
Works on all instruments
Directly onto your own personal trading view - all devices work
Non repainting
Regards
Darren
Blue FX
USDSGD long trade ideaPlan: wait for the price to bounce off from trendline or 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
USDSGD-Irregular flat in "b" wave same like UCAD...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. I WONT TOOK ALL THE TRADE PLAN SHARED HERE...
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.
USDSGD 3HRBULLISH BAT
Earlier this same Pattern given good reaction on Type1 entry
now price i s again came into PRZ Zone of Pattern it becomes a TYPE2 Entry which is REVERSAL
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY
USDSGDprice failed to hold that trend line support. currently looking to retest that 0.5 fib line.
bullish: if it bounces off that fib support, rallies, and then closes above that trend line, it might be the end of retracement. look for long opportunities.
bearish: if price melts down that 0.5 fib level (next short-term support is the lower trend line), possible trend reversal to the downside.
either way, manage your risks, set stop loss. good luck!
USDSGD LONG TRADEUSDSGD broke downtrendline
then rebounded from demand zone at level 1.4132
Pair is in uptrend and above SMA 100
Price is based above HVN at level 1.4166 which indicates that pair is in accumulation phase
MACD shows bullish momentum
It's expected for opening long trade after exceeding resistance level at 1.4210
to target supply zone near level 1.4414
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.
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
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