GBPSGD Short GBPSGD has broken the trendline and have retraced to Fibonacci level where we can see some selling pressure
Short Setup favorable
GBPSGD trade ideas
GBP|SGD - Short OpportunityThere is an opportunity to short the GBP|SGD
- Short entries may be initiated on break of 1.76260
- Stop Losses should be above the swing high of corrective 1.77230 (Red Horizontal)
- Target Point A: 1.75050 (Green Horizontal)
- Target Point B: 1.74276
All remaining target and intermediary support zones to the downside are marked below entry by consecutive horizontal lines (blue.)
GBP|SGD - Long OpportunityThere is an opportunity to long the GBP|SGD on break of the recent swing high pivot after we established a lower high at 1.75015
- Long entries may be initiated on break of 1.76071
- Stop Losses should be below the last swing low of 1.75015 (Red Horizontal)
- Target Point A : 1.78267 (Green Horizontal)
All remaining target and intermediary resistance zones to the upside are marked above entry by consecutive horizontal lines (blue.)
GBP|SGD - Short OpporunityThere is an opportunity to short the GBP|SGD on the touch of the pendant channel resistance..
- Short entries may be initiated now or on touch.
- Stop Losses should be above the last swing high of 1.76094 (Red Horizontal)
- Target Point A (Safe): 1.75318 (Green Horizontal)
All remaining target and intermediary support zones to the downside are marked below entry by consecutive horizontal lines (blue.)
Retested with Singapore DollarGBP/SGD has retested its support level we are aiming for GBP to finally rise
GBPSGD potential reversal!
GBPSGD expected to rise up to 1st resistance at 1.74669 where it could potentially react off and drop down to 1st support at 1.70633.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPSGD 1h AutoUFOs™ Trade Alert! 16 March 2020Basic Approach:
-Short Entry @ 1.7635
-Protective Stop Loss @ 1.7685
-Take Profit @ 1.7585
Rationale:
-Sell Un-Filled Orders (Red UFO ) available in the 4h time-frame
-Buy Un-Filled Orders (Green UFO ) further below allowing for the current trend to continue developing
Boosting Options:
-Trade in the direction set by the overall Market Environment
-Select Take Profit Targets located at a reasonable/achievable distance
-Higher time-frame key price points such as moving average values or Fibonacci retracements coinciding with the entry price
-Confirmation-style Market Order execution after waiting for price to travel in and out of the entry UFO
-Apply Trade Management techniques to lock in profits once the trade begins moving in the right direction
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They are many ways on how to trade, but prices would not move unless Un-Filled Orders (UFOs) get filled.
Join our YouTube Channel ‘tradewithufos’ and be notified of upcoming live trading sessions.
Disclaimer:
We do not provide investment advice, nor provide any personalized investment recommendations and/or advice in making a decision to trade. Before you start trading, please make sure you have considered your entire financial situation, including financial commitments and you understand that trading is highly speculative and that you could sustain significant losses.
GBPSGD 1h AutoUFOs™ Trade Alert! 10 March 2020Basic Approach:
-Long Entry @ 1.7855
-Protective Stop Loss @ 1.7815
-Take Profit @ 1.7895
Rationale:
-Buy Un-Filled Orders (Green UFO ) available in the 1h time-frame
-Sell Un-Filled Orders (Red UFO ) further above allowing for the current trend to continue developing
Boosting Options:
-Trade in the direction set by the overall Market Environment
-Select Take Profit Targets located at a reasonable/achievable distance
-Higher time-frame key price points such as moving average values or Fibonacci retracements coinciding with the entry price
-Confirmation-style Market Order execution after waiting for price to travel in and out of the entry UFO
-Apply Trade Management techniques to lock in profits once the trade begins moving in the right direction
--------
They are many ways on how to trade, but prices would not move unless Un-Filled Orders (UFOs) get filled.
Join our YouTube Channel ‘tradewithufos’ and be notified of upcoming live trading sessions.
Disclaimer:
We do not provide investment advice, nor provide any personalized investment recommendations and/or advice in making a decision to trade. Before you start trading, please make sure you have considered your entire financial situation, including financial commitments and you understand that trading is highly speculative and that you could sustain significant losses.
GBPSGD, The pullback is possible!We can look for Sell entry now.
Reasons:
- the price is under the Resistance Zone;
- it has risen up with huge ATR, that's why the pullback is possible;
- but the target should be not far because the trend is bullish;
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Before to trade my ideas make your own analysis.
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38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE38.2% & 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.
GBPSGD up for a correction or a reversal?The pair respected the 50EMA on the hourly chart for the third time. However, the bears are unable to push the price lower forming a minor support line just beneath
the current TP zone.
The price is approaching the 50EMA and looking at the Fibonacci retracement, we have a level at the 1.7821 which is just above the 50EMA and within our current zone.
If the price gets rejected on the retracement and consolidates on the area of our low swing, that makes the minimum requirement for a correction.
If the price beats the current swing low, our confirmation of the correction is complete and we will have a continuation of the trend looking to retest the 1.7533 level which would be
the lowest since 21 January of this year.
If we see our confirmation (bearish engulfing, shooting star, etc) we would go short, we can trail our stop and our first TP zone would be at the 1.7665 minor zone which was a
support zone on 29 January. Our second TP zone would be at the 1.7533 level.
That would give us a minimum 1:3 RR Ratio.
A more conservative approach would be waiting for the confirmation of a trend continuation (break of the swing low) before going short on the pair.
GBPSGD 1h AutoUFOs™ Trade Alert! 2 March 2020Sell Limit @ 1.7960
Protective Stop Loss @ 1.8010
Take Profit @ 1.7860
Rationale:
Sell Un-Filled Orders (Red UFO ) available in the 1h time-frame
Buy Un-Filled Orders (Green UFO ) further below allowing for the current trend to continue developing
Boosting Options:
Higher time-frame moving average values or Fibonacci retracements coinciding with the entry price
Confirmation-style Market Order execution after waiting for price to travel in and out of the entry UFO
GBPSGD 1h AutoUFOs™ Trade Alert! 2 March 2020Sell Limit @ 1.7960
Protective Stop Loss @ 1.8010
Take Profit @ 1.7860
Rationale:
Sell Un-Filled Orders (Red UFO ) available in the 1h time-frame
Buy Un-Filled Orders (Green UFO ) further below allowing for the current trend to continue developing
Boosting Options:
Higher time-frame moving average values or Fibonacci retracements coinciding with the entry price
Confirmation-style Market Order execution after waiting for price to travel in and out of the entry UFO
