EURSGD made a nice 5 wave move up on 240 min TF. I am looking for the sell on CD move. We can expect an AB=CD move or alternate 1.272AB=CD or alternate 1.618AB=CD. Once price will reach this zones we can see for buy opportunity.
Trade with care.
Good Luck!
** Wait for the entry before taking this one **
Chart - EUR/SGD
TF - Daily
Likely duration of trade 3 days - 4 weeks
1.Trend in play ? Yes we can see from the open EMA ribbon we have gauged bearish trend this has been ongoing for months
2. Entry - Not just yet we should be looking for some more bearish evidence on price close data from the D1 candle, we need...
Execution:
Buy Limit @ 1.5235
Protective Stop Loss @ 1.5190
Take Profit @ 1.5325
Rationale:
Buy Un-Filled Orders (Green UFO ) available in the 4h time-frame
Sell Un-Filled Orders (Red UFO ) further above allowing for the current trend to continue developing
Boosting Options:
Higher time-frame moving average values or Fibonacci retracements coinciding with...
Execution:
Buy Limit @ 1.5235
Protective Stop Loss @ 1.5190
Take Profit @ 1.5325
Rationale:
Buy Un-Filled Orders (Green UFO) available in the 4h time-frame
Sell Un-Filled Orders (Red UFO) further above allowing for the current trend to continue developing
Boosting Options:
Higher time-frame moving average values or Fibonacci retracements coinciding with the entry...
Seasonality for EURSGD is 69 bullish in April. After it hit 100 percent Fib time extension (on 30 min, 60 min and 4 hrs) I expect price to reverse to the next swing resistance. 60 min ADX is above 20. Stop below 100 Fib extension (23 pips).
Retracement entry idea for Eur/Sgd. currently in a strong down trend looking for this to continue
almost all indicators are showing sell to strong sell
The EUR has taken heavy hits on Friday and dropped across the board. The outlook might be a negative one after all. But experience tells that there is most likely a temporary rebound before the way down continues. Trading the rebound requires good timing and picking the right pair. According to my model the best opportunity is in EUR/SGD. The Friday drop has...
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