This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
As the chart shows the bearish divergence and also we observe rising wedge pattern hence we can predict bearish reversal
I expect more weakness in the EURO down to that demand zone prior to moving higher back into the swing high.
After Bearish trend printed last LH and LL the trend goes to end and market gone into range. To trade in a range it is better to place both Buy/Sell limit orders to minimize risk.
EURSGD trading in a bullish trend on a 1h timeframe by making a series of Higher Highs and Higher Lows.
This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
Which fib will it land on? I'd say the 0.5 weekly. Crashing through the 0.382
Hi Guys, I'm sure most of you are unfamiliar with this pair, however, this pair has some good price movement at play that could provide nice trading opportunities. We just had a bit of a sell-off for the past weeks as prices entered a strong weekly/monthly supply zone. This sell-off brings the price to a key daily demand zone of which the price is meant to cool...
Pair: EURSGD Analysis: Chart Patterns + Highs & Lows + Impulses & Corrections Directional Bias: Short Entry: Continuation Corrective Structure after the breakout. ⚠️ Do your research and apply proper risk management as nothing is guaranteed in forex trading. As we have often said, this is a high risk venture and past performance is not indicative of future...
Based on the chart, it appears that there is a bullish trend forming as evidenced by higher highs (HHs) and higher lows (HLs). Further analysis using the Relative Strength Index (RSI) indicates that there is currently no divergence present. With this in mind, we recommend taking a long trade with a risk/reward ratio of 1:1. To execute this trade, we suggest...
EURSGD is printed Bullish Flag with projection price of 1.46800
EUR/SGD is in a bullish trend. Expecting the price to continue printing HH & HL!
Closed Trade at Price Level 1.452. Wait for another pullback to the Pivot Point + Trend Line in an uptrend.
Expect Price To Increase 85.3 Pips within 48 hours.
Trend lines conflict zone + 4 H chart 50 MA + 1 H chart 200 MA + 0.5 Fib level. Expecting a bounce from this level Long @ 1.440 SL @ 1.438 Target TP 1 @ 1.446 Target TP 2 @ 1.451
Analysis: EURSGD is currently printing a Bullish Flag. If the price breaks above 1.45182 which is top of the pole, it will be a sign of bull trend continuation. In this case we can enter in a long trade. For this trade the stop loss will be at 1.44374. ------ Trade Plan------ Type: Long Entry: 1.45182 Stop Loss: 1.44374 TP1: 1.45990 TP2: 1.46975