SGDGBP trade ideas
GBPSGD: Optimal Buy entry.The pair is trading within a 2 year 1M Bearish Megaphone pattern that is currently testing its Lower High trend line (hence the neutral RSI = 48.838, ADX = 27.266, Highs/Lows = 0.0000).
What's really interesting is the fact that this pattern is symmetrical to the 2016/2017 rise. Based on that if the price rebounds now above 1.7200, there are high chances to break the pattern aggressively to the upside. In our opinion it is safer to buy when/ if the Golden Cross (MA50 crossing over the MA200) takes place. The target is entirely up to you but 1.8700 can be a good benchmark.
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GBPSGD LongDue the to price breaking the previous (A) top the pattern has now become a Bullish Expanded B wave Flat
Have a Bullish outlook in the short term
Still believe we will have a 5 wave down breaking previous bottom on the Daily but will have to monitor chart
If it breaks the top of wave (2) on the Daily then pattern and Forecast will have to be updated
GBPSGD can continue falling down..The price has broke Support/Resistance Zone and can continue falling down
to the Mirror Level 1.74437.
The best entry will be after the pullback to zone.
Before to trade my ideas make your own analyze.
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GBPSGD ShortFrom last analysis we are anticipating a down wave to finish off bearish move on the larger time frame
We now have a Bearish Running Flat/ Expanded Flat formation
Watching price on lower time frame
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE38.2% & 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
GBP/SGD - ShortIt seems it is now printing a 30-min timeframe bearish channel, in line with the overall trend.
I will enter on a sell stop at arong 1.7491
Possible KRACK on GPBSGD Wait until the price test the 1.79 ressistance
THEN TAKE POSITION AND SHORT THE FUCK OUT ON DA THING
GBPSGD can bounce from 5-Months High!Waiting for Sell entry near 5-Months High 1.79635.
I'll open the position after the false breakout.
Before to trade my ideas make your own analyze.
Write your comments and questions here!
No need to write it in PM.
Thanks for your support!
GBPSGD Bearish 1 HR Analysis Based on the daily time frame GBPSGD has been trending up heavily. However based on my knowledge in the markets I've spotted a Gartley Harmonic pattern on the daily, hence my bias is bearish depending if current price continues to reject my orange zone.
The Red Lines Represent My S & R Levels
The orange zone is my D point for a daily bearish Gartley that has completed.
GBPSGD bounced from support, potential for a further rise!
GBPSGD bounced off 1.74860 where it could potentially rise further to 1.76483.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPSGD SELLTHE FIRST ARROW is for trendline rejection
second arrow if for false breakout of that trendline\\
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