GBPSGD trade ideas
GBPSGD is creating a bullflag 🦐GBPSGD is creating a bullflag between the weekly structures. IF the price will have a breakout upward, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
GBPUSD - Adam and Eve"Adam and Eve" is a secondary reverse pattern which may have different representation. In the ideal version it resembles a double top with the particularity that the second maximum is rounded, smoother, slightly decided.
Another important difference with the double top is given by the asymmetry in time between the two maximums, the Eve phase can last longer than the Adam phase, a symptom of indecision and resistance to change in the market. Volume is high during the first maximum (Adam) and fall during Eve. Then, volume increases again during the breakout of the support level.
The distance between Eve and the support level is denoted by (H1) and it identifies the first target (T1).
Again for this pattern, which is considered even more rare, the volume fall during Eve and then grow up after the resistance breakout l.
GBPSGD mine own perspective|GBPSGD mine own perspective so what's your consideration on the price movement please comment in the below section ?
I believe that. So what is your expectations in comment below.
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GBP/SGD Long on Rebound From SupportLooking for a rejection of support for this to climb higher. Recently broke above a big resistance level, if price can hold here and not fall below support again then there is a good long opportunity on this. Want to see MACD remain above 0 and EMA to remain bullish if and when this holds at support before longing. Target is at the next high of 1.88158
GBPSGD -Short. Naked trading. Longterm Bias: SGD > GBP.Short trade on Daily timeframe for GBPSGD (Swing trading-Long term).
Naked trading with trend line breakout (orange-color line) in bearish bias.
Zig zag peak point is reached and forming another bearish line.
RSI already on the downward momentum.
Price is currently at important resistance level.
Trade details (2 options of entry):
Entry option 1: 1.81811 (early trade-->aggressive risk)
Entry option 2: TBD (at the break of the trend line downward-->conservative risk)
TP: 1.77440 (initial TP).
SL: 1.83460
Note #1: For the conservative trader, stay tune on this trade, I will update it once the price broke the trend line, or if I have other update.
Note #2: I run multiple accounts (manual and automatic/robot trades), so few times I forgot updating the trade, please remind me by chat just to make sure.
💡Don't miss the great sell opportunity in GBPSGD Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.82290).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPSGD is in a range bound and the beginning of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 61.
Take Profits:
TP1= @ 1.80800
TP2= @ 1.79550
TP3= @ 1.77320
TP4= @ 1.75630
TP5= @ 1.73310
TP6= @ 1.70910
SL: Break Above R2
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💡Don't miss the great sell opportunity in GBPSGD Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.82290).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPSGD is in a range bound and the beginning of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 61.
Take Profits:
TP1= @ 1.80800
TP2= @ 1.79550
TP3= @ 1.77320
TP4= @ 1.75630
TP5= @ 1.73310
TP6= @ 1.70910
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️