AUDSGD 1d out of range, sell retestPrice is retesting both an important S/D area, and also the EMA.
See linked idea.
AUDSGD trade ideas
AUDSGD 1d out of range, sell retest - After long consolidation in tight range with support area around 1.0700,
price finally broke below, with strong momentum.
- MA crossunder.
- Wait for a retest around 1.0680.
AUD/SGD 1H Chart: Channel DownAUD/SGD 1H Chart: Channel Down
The Australian Dollar is trading against the Singapore Dollar in a short-term descending channel, which consists of four reaction highs and three reaction lows and, thus, might be broken already by the end of the week.
Historically, the currency rate made multiple attempts to break to the top.
However, each time these endeavours were stopped by a combination of the 55-, 100- and 200-hour SMAs.
The fact that this pair is so sensitive to the above moving averages suggests that a breakout in the northern direction is unlikely to happen.
Moreover, channels are continuation patterns and, thus, should not change a recently established general downtrend.
The above assumption is additionally supported by the fact that 73% of traders hold short positions on this currency pair.
One more triangle in the aussieI am looking for the break up of the triangle to enter in a long position with at least 1.085 as target level
AUDSGD Correction SetupThese Setups work perfectly, Wait for the Breakout but expect a pullback during the trade up.
AUDSGD: Sell the continuation pattern Watch the top for a flat channel formation. If price action confirms that then it will be a good trade.
AUDSGD - WEEKEND ANALYSIS - POSSIBLE SHORTS INTO LONGSHi All,
Here is my weekend Analysis on this pair. Please note that this is only a guide I do not trade in the weekly time frame. I have a full time sales job, so i trade on the 4hr time frames (candle Closes). this means I only need to be in the front of a computer 10 mins every 4 hours.
AUDSGD 4h pullback - Still in uptrend, making higher highs.
- Price pulled back, supported by slow MA.
- Enter long, watch for MA crossunder and clear break of slow MA.
Is this it for AUDSGD?I have been waiting weeks for this to happen and pointed this out to our pro members during this week's Sunday watchlist and yesterday in the forum.
Retests often happen after strong breakouts. Price does not move in one single line so give it time to work out. The current momentum clearly indicates a shift in buyer-seller balance but price does move in waves and so you need to be prepared for pullbacks.
AUD/SGD Long -- Morning Star Reversal With ConfirmationAUD/SGD tested into a key Fib level as well as morphed Inv HS and Cypher combo pattern I'm observed before (not all those details are marked up here). Potential upside move.
AUDSGD: SELL SETUP WITHIN DESCENDING CORRECTIVE CHANNEL PRICE IS WITHIN DESCENDING CORRECTIVE CHANNEL.
CURRENTLY PRICE IS FORMING SELL SETUP AROUND 1.034.. ZONES.
ONE MORE MOVE UP POSSIBLE BEFORE THE MOVE TO THE DOWNSIDE.
TELEGRAM CHANNEL LINK:
t.me
AUDSGD long tradeWe are at a weekly/ daily trendline low - looking like a good time to look for some upside on this uncommon pair for those interested in looking at something a little different this week :) Happy trading!
AUDSGD good opportunity coming soonAUDSGD good opportunity coming soon
Long if break the trenline or Short if they rebound
AUD/SGD Idea Can an uptrend be underway? I have acquired a few confluences after observation. Price appears to be in a retracement at the moment. We can see from the macro perspective that new higher highs and higher lows have been established indicated by the arrows. To get into a long trade, for safety, I would wait until a break above and close above of the blue line (observation from 4-hour time frame). We will see how this plays out.
