💡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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SGDGBP trade ideas
GBP/SGD : 🔥 PRICE ACTION ON DAILY TMF + GARTLEY PATT. R/R 2% 🔔Welcome back Traders, Investors and Community!
Analysis of #GBP/SGD
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Strategy: Bearish Gartley With potential Max R/R 2.05 - We will be waiting for all the confirmations to enter in this trade.
A clear chart is Always the best business card for a trader.
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The information contained herein is not intended to be a source of advice or credit analysis
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Walter
GBPSGD on a range move 🦐GBPSGD on the 4h chart broke above the weekly resistance.
The price retest the support and now move into a range between 2 structure.
IF the market will break above we can set a nice long order according to Plancton' s strategy.
–––––
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.
GBPSGD short intraday setupAfter catching the bullish move this morning, GBP has pulled back massively, on the 1hr TF we can see market has broke bullish structure with a massive bearish impulse, we are waiting to see a nice slow correction to the 0,382 fib which is also aligning nicely with structure(which will also form a big head and shoulders) then we can drop down to lower TF and look to capitalise on the second bearish impulse.
GBPSGD - Daily approaching Bearish Bat SellA friend just asked my about my views on GBPSGD
This pair has been well resisted by the 1.8250/1.8300 levels since it dropped below it since Sept 2018.
It is now approaching this Sell Zone again. I am expecting it to be resisted again.
Spotted a Bearish Bat pattern, completing close to the 1.82 levels
GBPSGD over a weekly support 🦐GBPSGD on the 4h chart broke above the weekly resistance.
The price retest the support and now move into a range between 2 structure.
IF the market will break above we can set a nice long order according to Plancton' s strategy.
–––––
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.