GBPSGD
Pending sell order: GBPSGDI would like to this counter trend and have placed a pending sell order to short GBPSGD. If the I get filled in with a spike up and then down that would be good. If I see a strong push and the price holds within my entry area, I will then try to get out for a breakeven or a small loss before reassessing for another entry for short.
1D Channel Down. Short.The pair is falling within a low pace 1D Channel Down (RSI = 42.443, MACD = -0.005, Highs/Lows = 0). TP = 1.77326 and 1.76614 (with the latter the 1W support). 1.73888 can be pursued only if the SL is on profit margin as it is a multi year support.
GBP/SGD - 200 Pips Short OpportunityA shooting star has formed and prices does not seem to be able to go any higher.
It's still currently in a long term bearish trend and we can expect it to fall further below if the current support is broken.
Trade with care.
gbpsgd short term goalprice has now created two lower highs which indicates an end to the momentum of the gbp versus sgd
Bearish GBPSGD for the month of SeptemberI expect price to close below the moving average for the month of September.
I'll be looking for bear signals on the daily time frame.
Entries will have a stop loss but no take profit targets. Trades will be closed when monthly candle finishes painting.
GBPSGD Long: OversoldSterling felt oversold on recent scottish independence news. In fact, price seems to be reacting favourable at the current levels, with seemingly higher lows and taking out minor supplies. A potential for long, with a stretch target of 1.75000, stop right below the recent low.
GBPSGD: 20 Feb 2017 Elliott wave update - Expecting 1.7230 beforTalking Points:
Technical Strategy: Temporary Bearish
Elliottwave Count: Correction still in process. Expecting one more leg down.
HTG Note:
Current wave structure on GBP/SGD is looking bullish on daily timeframe. However, while decomposing lower time frame count, we are expecting correction should still due and should be completing in near future. Our target on this pair is to see 1.7230 minimum.
Action
We initiated short position @ 1.7680 with limited stoploss, target on 1.7260 to 1.7230.
-- By Hoagtrading.com (Twitter: @Hoagtrading )
GBPSGD. BEARISH GARTLEY PATTERNHere we have a beautiful high probability bearish setup
A nice bearish Gartley setup
Potential Minor price rejection at 1.79000
Potential target 1 at the Minor price at 1.78000
Trade safely guys !
(For me, trade will be taken if price goes outside the Bollinger bands & RSI overbought/sold)
GBPSGD: Interesting long opportunityWe have an interesting setup in GBPSGD, look to enter longs at market open, on dips to support or if we get new highs.
There is potential for the weekly uptrend to resume as well, but ideally we'd want to see price move in our favor right away. As usual, risk a max of 1-2% on this trade if you take it. Stop loss orders should be below Friday's low to be conservative. It's important to give trades just enough room to work.
Good luck!
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Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance0.57% on such information.
