USDSGD POTENTIAL LONG OPPORTUNITY
Hey everyone hope you are having an incredible weekend so far!!! Just wanted to come on here and give a post for an opportunity I see coming up in the next couple weeks here on USDSGD! Just wanted to share some simple insight so you guys can hopefully grab some value and wisdom from this and maybe even have it be confirmation for something you were already seeing! So lets DIVE IN
OK so when looking at USDSGD you can see recently something significant on the daily timeframe did appear. We had seen that price structure was making lower highs and lower low with price...showing a seller dominant market on this pair with strong seller momentum. WELL when looking at it now we can see that on the week of February 2nd prices ended up rising to create new highs on the daily. Rather than price continuing lower...which is a pivotal moment with price action displaying to us the shift to buyer dominance. SO with that information as our context/bigger picture and we zoom in to look at the momentum and potential zones to participate with this bias we can see that there is some strong demand in this upward move it had created that we could look for some nice opportunities from...making a HL and continuing into higher TF supply/structure zones.
OK so when zooming in you can see my 4H chart I have the zone of demand marked off for you guys. If you are wondering why that area because if you look at the upper zones of strong demand, although reacted, didn't give a continuation from there...displaying it wasn't quite the right price (discount) for the bigger players to build and take orders from...so price continued downward. Now looking at price the 1H/4H demand zone I have marked is that next best spot giving us a strong momentum zone to look for trades to build from!
Hope this all made sense! Love sharing with you all and if you like it as well please boost this post and follow my page for more accurate, simple & effective analysis!
Cheers! God Bless!
OK so when looking at USDSGD you can see recently something significant on the daily timeframe did appear. We had seen that price structure was making lower highs and lower low with price...showing a seller dominant market on this pair with strong seller momentum. WELL when looking at it now we can see that on the week of February 2nd prices ended up rising to create new highs on the daily. Rather than price continuing lower...which is a pivotal moment with price action displaying to us the shift to buyer dominance. SO with that information as our context/bigger picture and we zoom in to look at the momentum and potential zones to participate with this bias we can see that there is some strong demand in this upward move it had created that we could look for some nice opportunities from...making a HL and continuing into higher TF supply/structure zones.
OK so when zooming in you can see my 4H chart I have the zone of demand marked off for you guys. If you are wondering why that area because if you look at the upper zones of strong demand, although reacted, didn't give a continuation from there...displaying it wasn't quite the right price (discount) for the bigger players to build and take orders from...so price continued downward. Now looking at price the 1H/4H demand zone I have marked is that next best spot giving us a strong momentum zone to look for trades to build from!
Hope this all made sense! Love sharing with you all and if you like it as well please boost this post and follow my page for more accurate, simple & effective analysis!
Cheers! God Bless!
Comment:
Level is still valid. Has not come into it yet..if price breaks highs around 1.35200 then will not be valid for continuation opportunity
Order cancelled:
Momentum was too strong from sellers which invalidated this opportunity...cheers!