GBPSGD trade ideas
Falling TrendHowever this is not a channel but may be a large falling triangle. Nevertheless at first we shall see a futher decline following the narrowing trendlines.
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
Well Below the SupportWe broke through the trendline support the second time now what makes it more likely tha the decline shall continue.
End of bearish for GBP??All GBP pairs are in strong resistance area, GBPUSD, GBPSEK, GBPSGD. Possible bounce up at this area.
GBPSGD long on H4 pullbackThis is another GBPSGD long trade. The first pullback i published should have secured 160pips. Now we're getting another pullback on the H4. The pullback is testing previous resistance now support (as shows on H4 chart- top right) and on the daily is not at a significant point which is good as we hope this will continue up to the next resistance level as marked on the chart. Will look for a close above trendline on the 4hour.
Long GBPSGD Daily/H4This unfortunately contradicts my EURSGD short trade, but this does look like a nice setup long. Big impulsive move up after a long downtrend on the daily and smashed through the resistance line show on the daily which has been respected quite a few times. It looks like its now testing the same line as support on the H4. Could go long if price breaks above the H4 trendline. Plenty of room for 3:1
GBPSGD: Breakout trading to the downsideBearish candle broke trendline . There could be a further retest of the trendline before price plunges down.
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
Clear Case of a Downward Leading ChannelSome hours ago it seemed as like if the bottom has been found but now we can see another decline.
Lower Lows and Lower ClosesThe first rising trendline has been undergone. A test of the second should follow.
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.38.2% & 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
An Invesre Head and Shoulder on Daily ChartPrice has formed an inverse Head and Shoulder on Daily Chart and broke through the nechkline. On H4, Price has retested previous S/R (Neckline).
An Ideal long for multiple lots with the last lot targeting weekly highs. Stop loss should be placed below 1.8047 and targets for multiple lots should be set accordingly.
GBP/SGD SHORTAs you can see from the graph, we can see a break down of the trend with a retracement of 61.8% level, so we should the price going down for the two levels highlighted in red...
BreakoutYesterday we overcame the resistance and are now backtesting it. As the momentum of this backtest is already declining I supposte that the rise will continue soon.
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.
FIB Retracement Percentage is calculated in a Higher Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
