SGDUSD trade ideas
USDSGD Good Sell Setup (swing trade)USDSGD structure is bearish, with a potential H&S developing on the chart. price is converging in falling wedge pattern. i think this pair
will retrace back to resistance area marked on the chart, however, there's a huge possibility price can reject to a break candle I marked down. but overall, i am sell biased on the pair. Good luck!
USDSGDtha small trend line is broken and there is a double bottom pattern confluence with fibo 38 and 50 u can take buy at the neck line if u see candlestick pattern
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💡Don't miss the great buy opportunity in USDSGDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.3463).
. 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 an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 72.
Take Profits:
TP1= @ 1.3508
TP2= @ 1.3549
TP3= @ 1.3605
TP4= @ 1.3668
TP5= @ 1.3713
SL= Break below S2
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💡Don't miss the great buy opportunity in USDSGDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.3463).
. 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 an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 72.
Take Profits:
TP1= @ 1.3508
TP2= @ 1.3549
TP3= @ 1.3605
TP4= @ 1.3668
TP5= @ 1.3713
SL= Break below S2
❤️ 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 / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
USDSGD - long - Overall trend is bearish. The market is at a daily support zone, and has rejected it 3x. Could possibly be a double bottom forming, however its too soon to be certain. A pinbar rejecting candle and a doji have also formed at support on the 4hr tf. There is also a pinbar on the daily tf. If the double bottom is completed, I’m biased for a buy after the break and retest of the neckline, which also happens to be another daily s/r zone. I will hold off on trading, until I see more confirmation.