GBPSGD POTENTIAL SHORT OPPORTUNITY
Hey everyone hope your weekend has been amazing so far! Wanted to make my second post of the week on the FX pair GBP VS SGD. I do think we are coming into a nice potential swing opportunity on this pair and wanted to get on here and share what I am seeing on this pair starting as early as this week! So let's dive in!
OK so when looking at GBPSGD there are some good confluences around this level to potential short prices here. As you can see on the chart I gave the bullet points that lead to the confluence I see on this pair...but basically ALTHOUGH PRICE YES IS GOING "UP" CURRENTLY...I think there is more probability for the next move in the market to be down (seller) then I do to the upside.
Price is at multi month premiums...coming into a historical strong supply..etc etc. So that along with some technical charting confluences leads to the potential shorting opportunities we see here on the GBPSGD.
OK hope this provided some value! Reference the chart for the full bullet points! But if you like this post please boost the post and follow my page for more accurate analysis! Cheers!
OK so when looking at GBPSGD there are some good confluences around this level to potential short prices here. As you can see on the chart I gave the bullet points that lead to the confluence I see on this pair...but basically ALTHOUGH PRICE YES IS GOING "UP" CURRENTLY...I think there is more probability for the next move in the market to be down (seller) then I do to the upside.
Price is at multi month premiums...coming into a historical strong supply..etc etc. So that along with some technical charting confluences leads to the potential shorting opportunities we see here on the GBPSGD.
OK hope this provided some value! Reference the chart for the full bullet points! But if you like this post please boost the post and follow my page for more accurate analysis! Cheers!
Note
still looking good!Trade active
reacting well from overall supply zone!
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