GBPSGD trade ideas
GBPSGD, Possible Sell today!We can open a sell position under the Resistance Level but, only if the price will show a false breakout today with a huge candle.
If it will approach slowly don't hurry to trade it.
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GBP/SGD specs display extreme optimism at inflection pointA nice swing short set-up presenting itself here on the GBP/SGD currency pair. Multi-month (R) horizontal resistance zone coupled with Rising Wedge resistance (red line) capped further gains during this morning’s European session. Anywhere inside the green resistance zone should suffice for short positioning (short-medium term), with stops above (1). Short-term speculators should look for profit-taking around the low 1.81000s for a re-test of wedge support (blue line). Below wedge support will indicate selling pressure is building, which in turn will invite short swingers to board the new trend for further downside.
Above (1) negates this bearish set-up.
GBPSGD on the break of a bull flag 🦐After the break and retest oof the discending channel between the blue trendline the market has created a strong impulse to the upside.
Price on the 4h chart retraced creating a Bull Flag between the yellow trendline.+
According with PLnacton's strategy we can set a nice long order.
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Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
GBPSGD, Waiting for the good trade!Pay attention to this picture! The price accumulate its power inside the range channel.
If you look for the best entry points don't concentrate on EURUSD and GOLD only!
Check enother currencies and look for the strong patterns.
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Good luck!
GBPSGD is close to the Support/Resistance Zone!The price is close to the Support/Resistance Zone and we should pay attention to the price actions here.
If the price will cross the zone we should look for the Sell entry.
There is no entry now but we can see it soon.
Some accumulation above the zone tells about it.
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Before to trade my ideas make your own analysis.
Thanks for your support!