EURSGD trade ideas
EURSGD daily short breakoutPrice has broken and closed below the trend-line (support) on the daily. It may drop from here, or make a small correction then drop. or as always, could be a fake-out and tomorrow it may return above the trend line. Not sure I like this setup too much but it has potential.
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.E4 STRUCTURE
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
EUR/SGD is bullish on 3h chart.Profit Targets:
1.57600
1.58000
Stoploss:
1.56000
Have a nice day,
Berk
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE. E4 STRUCTURE UPDATE
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
E5 STRUCTURE 38.2% & POSSIBLE 61.8% Retracement LONG GWAVE. E7 STRUCTURE, WAITING FOR CONFIRMATION!!! BE CAREFUL.
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
EURSGD: Near a 1W Higher Low. Long.The 1D Channel Down (RSI = 43.604, Highs/Lows = -0.0005) is approaching 1.57500 which is a Higher Low on the 1W Channel Up (RSI = 47.255, Highs/Lows = 0.000, STOCH = 63.835). That is a prime long entry and can be split for three targets: the two previous Higher Highs = 1.6000 and 1.6110 and the next projected Higher High = 1.6200.
EUR/SGD 1H Chart: Bearish momentumThe Singapore Dollar has been depreciating against the European common currency since the end of September. This movement has been bounded in an ascending channel.
As apparent on the chart, the exchange rate is also trading in a long-term ascending channel. The pair has already reversed from the upper boundary of the senior trend at 1.6080 and currently is aiming for its lower line near 1.5720. Given this fact, a breakout from the junior channel might occur soon.
It is the unlikely case that some bullish pressure still prevails in the market, the Euro should not exceed the Fibonacci 50.00% retracement at 1.5982.
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.
FIB Retracement Percentage is calculated in a Higher Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
EURSGD - Strong supply/structure levelTook a SELL trade as I am bearish biased on this pair.
That 1.600 supply area has held quite well.
The last couple of 4Hr bars came in strong to push price down.
Let's see how this pans out.
EURSGD Daily timeframe analysis: 3 crucial info. to keep in mindOver 3 years of price action in the EURSGD is captured in this analysis from April 13, 2015 to present date. Commentary is provided based on the numbers indicated on the chart.
(1) Current, active resistance in the EURSGD with the most recent test occurring on February 5, 2018. The bearish trendline further extrapolated is expected to offer future resistance, while a break out above the trendline implies more bullish action.
(2) This is established by connecting the price low at ~1.47820 and 1.56136. The current swing upwards in price 1.56136 also makes it important to focus on the bullish channel as shown in blue lines. The dotted blue line provides another possibility of a smaller bullish channel that can serve as a termination of price action prior to a downturn.
(3) Main bullish trendline in the EURSGD established since April 17, 2017. A break in the lower boundary of the bullish channel, and also below 1.56136 could see the EURSGD return to the vicinity of the main trendline.
EURSGD Short on Resistance and DataPoor economic data, break of support.
Aggressive traders can enter now with a wide stop.
Conservative traders can enter on the retest of resistance at 1.59800. Aim for 3:1
EUR/SGD 1H Chart: Short-term increase expectedThe EUR/SGD exchange rate has been trading in an ascending channel for the last two months. This pattern was formed when the pair reversed from the senior ascending channel at 1.5627.
Given that technical indicators still remain bullish in the short term, it is likely that the Euro goes upper the following days. A possible target is the upper boundary of the senior channel.
It is the unlikely case that some bearish pressure still prevails in the market, the Euro should not exceed the monthly S1 at 1.5835.
EUR/SGD - 100 Pips+ Shorting OpportunityNext move further down to last low as the pair is still looking for a strong support zone.
Potential to occur at present time: 75-80%
EUR/SGD - 200 Pips OpportunityEUR/SGD is currently in a short term consolidation zone. This is a continuation pattern.
As EUR/SGD breaks its current support, it will continue its bearish trend.
However, if it fails to break its support and shows strength to retaliate, the move is cancelled until further confirmation.
