USDSGD trade ideas
USDSGDPrice broke from the downtrend which is confirmed by the trend line. and double buttom price pattern was formed which means reversal of the trend... the retracement is expected to be change from 0.78% fibo leve and long we be taken from there or 0.618%retracement level and our target will be to the previous high and 50% of the total trend.
USDSGD Possible 2R ideaUSDSGD is in a downtrend on H4, breaking and retesting clear levels. There are two levels marked up - the upper is important mirror level that the price already retested and rejected with a double top, and entry level, which is secondary level of resistance and also the neckline of M formation (double top).
USD/SGD - market takes a breath before going LONG!Like many of the USD pairs this week, USD/SGD has shown a lot of strength, from it's lows at the start of the week it has risen 236 PIPS. Price broke to the upside from a descending daily trend channel last week, and this week price has broken again to the upside from a falling wedge. Both good indications that we may be seeing the start of a trend shift. Due to the moves experienced this week it is only likely that the market will pullback to retest a level of support - namely the zone between 1.3730 to 1.3715. At this point will be looking for an entry to go long on this pair. From their take profit targets will be 1.3775 and 1.3856.
If a lower high is formed below this zone, this analysis will become invalid.
USDSGDBREAK OF TREND LINE AND DOUBLE BUTTOM CONFIRMATION LIKEWISE MAREKT STRUCTURE BROKEN AND NEW HIGH IS FORMED
USDSGD Buy Set Up (Inverse Scale)Inverse scale set up... Buy USDSGD
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USDSGD - Outlook 22 Sept 2020 - Buy Hi all traders,
This is a video analysis on usdsgd.
As usual, i have warn some pretty nice levels for you to take the trade for usdsgd.
In addition, i have added a small little nugget in the video for traders to understand why usd is gonna be stronger.
Hope you like the video analysis.
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USDSGD Look for the reversal buy opportunities
Hi everyone:
USDSGD also on my watchlist this week ahead.
Price has been dropping ever since end of March, and we see price is right back at where it was before the COVID crisis.
What I like about the price now is we are in this largest expanding structure, and from the corrections within,
its a good probability that we can expect this is a HTF reversal structure, and we can see the price gets push up again.
Currently price is still in this descending channel, and we at bottom where the previous lows, and a inverse Head and Shoulder pattern.
I want to see a breakout form the channel, and a LTF correction for possible entry,
or
wait for complete breakout of the HTF expanding structure, and still look for LTF correction to get in the buy.
I do expect once we have the confirmation breakout, we can expect more USD strength.
Thank you
(EP #145) Kelvin Trade Ideas USDSGD Bat Pattern 2020-09-20A bearish bat pattern is spotted in the one hour chart, it provides a potential reversal level from 1.36210 to 1.36190. I will wait for the market to reach this area. If the market gives me confirmation signals later, I will decide should I short the market.
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USDSGD - long biasedHi all traders,
I hope you have a good day with all the pips from fomc.
Now that fomc have settled, this is a trade analysis i have for you all on usdgsd.
Please take note of the levels i have informed in usdsgd and trade those levels carefully.
Please also help to like and share this video with your friends.
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Cheers and thank you as always!
Chance for a USDSGD longI see a quite significant weakening of this momentary downtrend on USDSGD, as the indicator shows us, reason for which I believe a long entry could be seen in the next weeks. I'd like to split this trade into two: a medium term one and a long term one. The first one has a 4.00 Risk/Reward ratio which is not bad to me, instead the second one has a more than 3 ratio because I decided to go for a wide stop loss for the great opportunity this pair can give us. Btw that's up to you, if you want to have a safer stop loss in case it doesn't go as planned or if you want/can risk a lil bit more.
Let me know what you think with a comment below and a like. Thank you!
