USDSGD trade ideas
USD/SGD breakout and retest previous support levelUSD/SGD formed convergence/divergence, LL/HL
came out of oversold zone
BUY
JUST FOR IDEAS!!
DISCLAIMER!!
This is for general information purposes only. It is not investment advice or an inducement to trade.
USDSGDOn the big picture we are high on the curve, and the trend is obviously down. therefore we are looking for shorting opportunity. our setup is on the 4 hr timeframe.
drop a comment if you take this trade
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
USD/SGD : Buy on the Bottom Looking very intresting for trade setup.
Keep watch correction and Buy.
ThankYOu
HIGH PROBABILITY SETUP ON USDSGD IN DAILY TIMEFRAME ABCD pattern and Bullish Flag observed in Daily. Buyers are entering the market.
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.
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.
USDSGD Short Triggered ☄HTF - Huge ascending channel visible on weekly and daily charts with long term highs broken followed by reversal to downside with some momentum |
LTF - Separating patterns to see the market is in a state of impulse and continuation. Current correction has clear middle section and move up to complete the pattern is a 123 wave. Recent highs just broken with ascending formation on 15 minute chart |
ENTRY - 1H high test and retrace was enough with all other confluence factors considered for me to enter with stop loss above the flag structure. Just trading my plan here
UsdSgd RevisitMy previous bullish bias was short lived and price did not meet my take profit. However, I have re-analyzed this pair with a bearish bias. I see approximately 115 pips to be made before the next correction or possible reversal.
USDSGD-Expecting "Y" wave to 1.4420 if it didnt break the low...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.
Good Long trade coming up on USDSGDWe're coming up to the base of the swing which took us to the high on USDSGD. Looks like a good R:R on a long. Buy support, stop below the swing low.
USDSGD SHORT TRADEUSDSGD is in major downtrendline
Price broke key level at 1.4215
Pair is based below HVN at level 1.4239 which indicates that price is in distribution phase
MACD shows weakness in bullish momentum
It's expected to target demand zone at level 1.3873
USDSGD long trade ideaPlan : 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 - upside move aheadUSDSGD seems to be tracing minor wave 3 up. If this scenario holds, price should reach 1.45 in up to a week. The odds of this scenario will increase if prices reach 1.432. In case prices crosses down 1.411 this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
USDSGD-Expecting a retest to 1.4440 if it didnt broke the low...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.
USD/SGD : The uptrend continues until we break belowWe're coming up on the monthly candle printing on everything. So, I'm reworking my charts.
USD/SGD continues to be in a primary uptrend even though we've retraced part of the way down.
As a result, I'd still be looking to enter long trades until we start closing a weekly below the blue line.
Color Coding
A. Light Blue: Weekly Levels (W)
B. Green: Daily Levels (D)
C. Purple: Monthly Levels and above (MO)
D. Orange: 3 day levels. (3D).
E. Red: (12 hour levels and below.)
