SGDUSD trade ideas
USDSGD HOT PROJECTIONThis market is in a current dominant downtrend. Price action dictates an exhaustion in the short-lived uptrend correction and a continuation of the downtrend. The daily trendline aligns with the current price and the short trendline drawn using the 4hr and 1hr timeframe signifies a possible entry for a lengthy downtrend continuation for the week.
USDSGD-Getting ready to shoot for 1.5 ?DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
USDSGD Possible drop to support levelUSDSGD Possible drop to support level.
Logic behind analysis :
1. Long term downtrend
2. Daily Bearish engulfer
3. 4H Head & shoulder on resistance with liquidity grab
Summary : A sell trade is high probable as per chart analysis.
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Perfect automated detection of WhiteSwan pattern - LongA bullish-type big WhiteSwan pattern occurred within the support zone of 1.3410-1.3550.
Long after seeing the rebound. At that time, be careful of re-inversion in the resistance zone of 1.3830-1.3970.
*Harmonic patterns and support/resistance zones are automatically detected using the indicators below.
- Harmonic auto-detect PRO
- Support/Resistance Zone Auto PRO