SGD_ Breaking Trend to Long Bullish GBP against SGD and completion of wave c. now to join the rally, looking for every buy opportunity and taking it.
SGDGBP trade ideas
GBPSGD Buy SignalPattern: Channel Down.
Signal: Buy as the Channel Down broke upwards.
Target: 1.77400 and 1.7800 (the two Resistance levels)
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4H GBPSGD LONG 20/07/20 A little flag on 1H can be used as an entry, Upside looks safe. In this kind of a little late entry I reduce my risk. The idea of the post is not to tell you to go long now but to show that usually quality setups are clear even before happening therefore FOMO shouldn't be an issue.
GBPSGD 15MNBEARISH GARTLEY For SCALPING
Earlier this same GARTLEY given good reaction on Type1 entry at 0.786XA & Hit Target 1 ,
now price again When come into PRZ , it Becomes a TYPE2 Entry which is REVERSAL
Then after getting confirmation from a Bearish CANDLE with RSI BELOW 70
POTENTIAL SELL
(Newbie) Possible short trade GBP/SGDPossible new down trend if 0.236 retracement level is broken.
Retracement to 0.618 line likely.
TP1 1.73152
TP2 1.72717
TP3 1.72283
SL 1.74650
Any feedback welcome.
A trading opportunity to buy in GBPSGDTrading suggestion:
There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (1.7190 to 1.7070). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
. Beginning of entry zone (1.7190)
. Ending of entry zone (1.7070)
Midterm forecast:
While the price is above the support 1.7070, beginning of uptrend is expected.
We make sure when the resistance at 1.7720 breaks.
If the support at 1.7070 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The ascending flag taking shape suggests we will soon see another leg higher.
The RSI bounced from the support #1 at 35 and it prevented price from more losses.
A trough is formed in daily chart at 1.7070 on 06/29/2020, so more gains to resistance(s) 1.7430, 1.7605 and maximum to Major Resistance (1.7720) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 49.
Take Profits:
TP1= 1.7430
TP2= 1.7605
TP3= 1.7720
TP4= 1.7855
TP5= 1.8080
TP6= 1.8275
TP7= Free
A trading opportunity to buy in GBPSGDTrading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (1.7190 to 1.7070). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
. Beginning of entry zone (1.7190)
. Ending of entry zone (1.7070)
Midterm forecast:
While the price is above the support 1.7070, beginning of uptrend is expected.
We make sure when the resistance at 1.7720 breaks.
If the support at 1.7070 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The ascending flag taking shape suggests we will soon see another leg higher.
The RSI bounced from the support #1 at 35 and it prevented price from more losses.
A trough is formed in daily chart at 1.7070 on 06/29/2020, so more gains to resistance(s) 1.7430, 1.7605 and maximum to Major Resistance (1.7720) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 49.
Take Profits:
TP1= 1.7430
TP2= 1.7605
TP3= 1.7720
TP4= 1.7855
TP5= 1.8080
TP6= 1.8275
TP7= Free
GBPSGD on the support 🦐GBPSGD on the support, if the price breakout and retest it According to Plancton strategy, we can set a nice order
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Follow the Shrimp 🦐
GBPSGD, Possible trade!Possible intraday trade above the Mirror Level 1.73440.
It was confirmed many times at the Daily timeframe.
Potential profit will be 3 times bigger than the risk.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Write your comments and questions here!
Thanks for your support!
GBPSGD, Nice example...Look at this example of intraday trade!
It's a good picture to see how the Mirror Levels works.
After the price touched the level with a huge candle we saw the pullback.
Support my idea with your likes and comments if you want to see more such examples.
Push like and write your comments. We will catch the best trades together!
Thanks for your support!
GBPSGD, Good intraday example!Pey attention at this situation at the chart.
I like it when the price bounces off the Mirror Levels.
Support my idea with likes and comments if you want to get more examples like this!
Dear followers, the best "Thank you" will be your likes and comments!
Before to trade my ideas make your own analysis.
Thanks for your support!
GBPSGD, Cup & Handle Pattern!There is a Buy zone above the Key Level.
The best entry point will be after the false breakout.
Cup & Handle Pattern is works usually.
Dear followers, the best "Thank you" will be your likes and comments!
Before to trade my ideas make your own analysis.
Thanks for your support!
GBPSGD is close to the Strong Support/Resistance Level!I don't like the way how the price comes to this level, but this level is too interesting to ignore.
Waiting for the reaction. Maybe it will show a buy entry soon.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!
