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GBP/SGD

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GBPSGD trade ideas

GBPSGD _____ TRADE IDEA FOR DAY TRADERSHello Traders, I know this pair is not one that most people trade, however, the price structure of this pair presents a short trade for day traders. This pair has some bearish juice in it and based on the price structure, this pair is retracing after the bullish rally. If you look closely at how yesterday's candle closed, you will notice that the price was manipulated to the bullish side only to close bearish. Hence, a bearish continuation is probable. I'd like you to look at my speculation on GBPUSD for day traders (inserted below) Follow for more updates like this. GBPUSD ANALYSIS Cheers, Jabari
Short
by jabariofafrica
GBPSGD ____ INCOMING BEARISH DUMPHello Traders, This pair which is a new addition to my watchlist is looking interesting. Let me tell you why... Firstly, the price just took out Dec 2022 high and reacted. You would see my label on my chart. Now price made a bearish expansion but not before taking out the relative equal highs as marked on my chart. Now that price had taken buy-side liquidity, it is going to look for sell-side liquidity to take out. I have marked out sell-side liquidity for the price to go hunt. However, I advise you guys to watch out for the structural shift from bullish to bearish and lookout for manipulations before taking a trade. Let me know what you think about this in the comment. Don't forget to give me a like and follow. Cheers, David
Short
by jabariofafrica
GBPSGD ____ INCOMING BEARISH EXPANSIONHello Traders, This pair which is a new addition to my watchlist is looking interesting. Let me tell you why... Firstly, the price just took out Dec 2022 high and reacted. You would see my label on my chart. Now price made a bearish expansion but not before taking out the relative equal highs as marked on my chart. Now that price had taken buy-side liquidity, it is going to look for sell-side liquidity to take out. I have marked out sell-side liquidity for the price to go hunt. Also, more reasons for this move, price retraced today just as it did in EURGBP to take out last week's Friday entries (I will include my EURGBP analysis). However, I advise you guys to watch out for the structural shift from bullish to bearish and lookout for manipulations before taking a trade. Let me know what you think about this in the comment. Don't forget to give me a like and follow. The EURGBP analysis Cheers, David
Short
by jabariofafrica
GBPSGD SHORTPossible bearish movement of the pair. The price is currently in a trading zone with significant volume , with rejections at the top of the price right at the 55 period EMA , which is essential in my strategy for analysis of possible trend continuations. We also see significant development in the Squeeze momentum indicator and macd histogram monitors, with directionality changes to bearish confirmed. We see the attached ADX indicator entering below the 23 level line (0 point of the MACD histogram), indicating the weakness of the previous move higher as it bounced towards the 55 period EMA , to continue falling as the moves have indicated. previous; along with a possible sell signal pattern coming soon on the MACD lines. There could be a continuation of the downtrend. If you are going to take my opinion into account, please respect the projection time, this is extremely important. If it is not fulfilled in the foreseen time and it makes a range, it will be better to close the operation in case it is possible.
Short
by alcaedad
GBPSGD LONGPossible upward movement of the pair. Price is currently in a lower bound trading zone with significant volume making stops and holding rejections at the bottom of the price near the 55 period EMA , essential in my strategy for analysis of potential trend continuations. Indicators like Squeeze Momentum and the MACD histogram have turned bullish after their red valley; accompanied by the loss of bearish strength indicated by the ADX rebounding towards the EMA . The MACD lines would be giving a possible buy signal soon. I think you could go looking for the previous high price zone when you see indications of a bounce move higher on the 4-hour chart. In 1 hour timeframes we see that it has broken the bearish structure, forming higher lows than the previous ones. If you are going to take my opinion into account, please respect the projection time, this is extremely important. If it is not fulfilled in the foreseen time and makes a range, it will be better to close the operation in case it is possible.
Long
by alcaedad
GBPSGD SHORTPossible bearish movement of the pair. The price is currently in a trading zone with significant volume , with rejections at the top of the price right at the 55 period EMA , which is essential in my strategy for analysis of possible trend continuations. We also see significant development in the Squeeze momentum indicator and macd histogram monitors, with directionality changes to bearish confirmed. We see the attached ADX indicator entering below the 23 level line (0 point of the MACD histogram), indicating the weakness of the previous move higher as it bounced towards the 55 period EMA , to continue falling as the moves have indicated. previous; along with a possible sell signal pattern coming soon on the MACD lines. There could be a continuation of the downtrend. If you are going to take my opinion into account, please respect the projection time, this is extremely important. If it is not fulfilled in the foreseen time and it makes a range, it will be better to close the operation in case it is possible.
Short
by alcaedad