SGDGBP trade ideas
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!
GBPSGD, The best entry Zones!If the price will make a pullback to the level it will be nice Buy entry.
Waiting for the better situation.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!
GBPSGD Throwing Singapore Dollar into the mixI'm opening a Long position when the market opens.
My stop is set at -213 pips
GBPSGD is close to Buy Zone!The price can bounce off the Support/Resistance Zone.
It will be a good Buy opportunity.
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 bounced off the border!This instrument is inside the downward channel and can continue to fall.
The price bounced off the border.
We can look for accurate sell entry.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!
GBPSGD Broke Channel 🦐GBPSGD Broke Channel and could create a ZigZag Correction.
We are waiting for retest and according with our strategy we can put a nice short order.
GBPSGD Short GBPSGD
Broken trendline with retest clearly
price printed HnS Pattern at fibo level
short favorable
We've held above the prior monthly and weekly on GBP/SGD.GBP/SGD is showing some signs of accumulation as we've held above monthly and weekly support in our current uptrend.
I like a test of previous monthly resistance indicated by the dashed white line.
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The S/R color coding system I'm developing for myself:
To see multiple timeframe levels at once, use a color coding system:
A. Light Blue: Weekly Levels (W)
B. Green: Daily Levels (D)
C. Purple: Monthly Levels and above (MO)
D. Orange: 3 day levels. (3D).
E. Red: (12 hour levels and below.)
Note: You can actually see higher timeframe levels by simply counting the number of candles when viewing the lower timeframes. I.e. count back 7 daily candles, look at where we've closed the last daily, and that's your weekly level.
1. The S/R system that I use involves examining trend on a multiple timeframe basis. The idea is that trend confirms and re-confirms itself as time goes on, or else the trend fails.
2. Support/Resistance Identification
A.To identify a level, I start by taking an area where at least "2" candles have closed at nearly the nearly the same price. This is how I identify support/resistance. The more closes at or near the same price, the more valid the level. But only "2" are required.
B. To be clear, the lines you see are NOT the S/R levels themselves. They are derived *from* the S/R level by taking it's high/low.
3. Color Coding for trend.
Then I take the high/low of that group and mark that as a color-coded level. I then expect price to come back and revisit that level, although it isn't necessary.
4. Range-Bound Trading.
Range-bound markets can be tough to trade because the trend can be difficult to identify. In range-bound conditions, I like to take good R/R trades at the lows or the highs of the range, and then exiting the trade at the opposite side. If the range breaks, however, you can then enter trades on the side of trend.
