USDSGD
USDSGD BULLISH SHARK PATTERNHere we have a beautiful high probability bullish setup
A nice bullish Shark setup
Potential Minor price rejection at 1.44000
Potential target 1 at the Half major price at 1.45000
Trade safely guys !
(For me, trade will be taken if price goes outside the Bollinger bands & RSI overbought/sold)
USDSGD. BEARISH DEEPCRAB PATTERNHere we have a beautiful high probability bearish setup
A nice bearish DeepCrab setup
Potential Half major price rejection at 1.45586
Alse a confluence FIB zone
Potential target 1 at the Minor price at 1.44000
Trade safely guys !
(For me, trade will be taken if price goes outside the Bollinger bands & RSI overbought)
USD/SGD, DAY CHART, LONG (9-DEC-2016)A good swing setup shows on USD/SGD Pair.
1. Overall trend is still bullish on USD
2. The price touched on 20-EMA and bounce back strongly from that,a good signal to long.
3. The price also bounce back from the support level at 1.416x
EP: 1.42417
SL: 1.41438
TP1: 1.43289
TP2: 1.44242
Time for USDSGD 1.49~1.55Key neckline breakout.
The low of wave 4 is probably seen by now, and will not move much lower. (previously 1.28 was still possible)
Q3 exports was down a massive 4.9%.
Trump presidency that will render the current Transpafic Partnership (TPP) under discussion obsolete.
Increasing competition from regional ports (such as iskandar malaysia), and China's Huge 'One Belt, One Road' initiative on increasing infrastructure investment
Years ahead Singapore will be in for the best of globalization, while other countries are increasingly de-globalizing. (As seen in the Philippines, Brexit and US election this year, including EU election in 2017) The 'open' policy will be worst off.
There's simply no way Singapore could impose levies and taxes, since it does not produce on its own and is unsustainable without foreign imports.
Regionally, ASEAN as a whole is dead. Malaysia, Brunei, and Philippines are moving increasingly closer to China. As a whole there is not really any leverage in the South China Sea at all.
The prime minister of Singapore, Lee Hsien Loong have pretty much left all his basket of eggs with the US and have proved to be disastrous so far.
China will have the last laugh regionally.
Short it safe??I am still bearish on this pairs BUT don't forget that much is going! Big news today and the Election in the US next week.
You have to be careful taking your decisions, for me i am trading small position for now till after things get more clear.
Like if you agree, follow and support please!
AUDUSD: Add to long term longs, nice short term opportunityAUDUSD has a very bullish long term, intermediate term, and short term chart.
We can add to our core positions, if we make a new daily high. We can also take a short term trade once that happens, with a tight stop at the previous daily bar's close. Target is roughly 0.77 for the short term position, and over 0.8350 for the long term entries.
Long term positions were entered earlier, and recently averaged at lower levels, refer to my previous publications.
Good luck,
Ivan Labrie.