GBPSGD trade ideas
Retested with Singapore DollarGBP/SGD has retested its support level we are aiming for GBP to finally rise
GBPSGD potential reversal!
GBPSGD expected to rise up to 1st resistance at 1.74669 where it could potentially react off and drop down to 1st support at 1.70633.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPSGD 1h AutoUFOs™ Trade Alert! 16 March 2020Basic Approach:
-Short Entry @ 1.7635
-Protective Stop Loss @ 1.7685
-Take Profit @ 1.7585
Rationale:
-Sell Un-Filled Orders (Red UFO ) available in the 4h time-frame
-Buy Un-Filled Orders (Green UFO ) further below allowing for the current trend to continue developing
Boosting Options:
-Trade in the direction set by the overall Market Environment
-Select Take Profit Targets located at a reasonable/achievable distance
-Higher time-frame key price points such as moving average values or Fibonacci retracements coinciding with the entry price
-Confirmation-style Market Order execution after waiting for price to travel in and out of the entry UFO
-Apply Trade Management techniques to lock in profits once the trade begins moving in the right direction
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They are many ways on how to trade, but prices would not move unless Un-Filled Orders (UFOs) get filled.
Join our YouTube Channel ‘tradewithufos’ and be notified of upcoming live trading sessions.
Disclaimer:
We do not provide investment advice, nor provide any personalized investment recommendations and/or advice in making a decision to trade. Before you start trading, please make sure you have considered your entire financial situation, including financial commitments and you understand that trading is highly speculative and that you could sustain significant losses.
GBPSGD 1h AutoUFOs™ Trade Alert! 10 March 2020Basic Approach:
-Long Entry @ 1.7855
-Protective Stop Loss @ 1.7815
-Take Profit @ 1.7895
Rationale:
-Buy Un-Filled Orders (Green UFO ) available in the 1h time-frame
-Sell Un-Filled Orders (Red UFO ) further above allowing for the current trend to continue developing
Boosting Options:
-Trade in the direction set by the overall Market Environment
-Select Take Profit Targets located at a reasonable/achievable distance
-Higher time-frame key price points such as moving average values or Fibonacci retracements coinciding with the entry price
-Confirmation-style Market Order execution after waiting for price to travel in and out of the entry UFO
-Apply Trade Management techniques to lock in profits once the trade begins moving in the right direction
--------
They are many ways on how to trade, but prices would not move unless Un-Filled Orders (UFOs) get filled.
Join our YouTube Channel ‘tradewithufos’ and be notified of upcoming live trading sessions.
Disclaimer:
We do not provide investment advice, nor provide any personalized investment recommendations and/or advice in making a decision to trade. Before you start trading, please make sure you have considered your entire financial situation, including financial commitments and you understand that trading is highly speculative and that you could sustain significant losses.
GBPSGD, The pullback is possible!We can look for Sell entry now.
Reasons:
- the price is under the Resistance Zone;
- it has risen up with huge ATR, that's why the pullback is possible;
- but the target should be not far because the trend is bullish;
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!
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS.
GBPSGD up for a correction or a reversal?The pair respected the 50EMA on the hourly chart for the third time. However, the bears are unable to push the price lower forming a minor support line just beneath
the current TP zone.
The price is approaching the 50EMA and looking at the Fibonacci retracement, we have a level at the 1.7821 which is just above the 50EMA and within our current zone.
If the price gets rejected on the retracement and consolidates on the area of our low swing, that makes the minimum requirement for a correction.
If the price beats the current swing low, our confirmation of the correction is complete and we will have a continuation of the trend looking to retest the 1.7533 level which would be
the lowest since 21 January of this year.
If we see our confirmation (bearish engulfing, shooting star, etc) we would go short, we can trail our stop and our first TP zone would be at the 1.7665 minor zone which was a
support zone on 29 January. Our second TP zone would be at the 1.7533 level.
That would give us a minimum 1:3 RR Ratio.
A more conservative approach would be waiting for the confirmation of a trend continuation (break of the swing low) before going short on the pair.
GBPSGD 1h AutoUFOs™ Trade Alert! 2 March 2020Sell Limit @ 1.7960
Protective Stop Loss @ 1.8010
Take Profit @ 1.7860
Rationale:
Sell Un-Filled Orders (Red UFO ) available in the 1h time-frame
Buy Un-Filled Orders (Green UFO ) further below allowing for the current trend to continue developing
Boosting Options:
Higher time-frame moving average values or Fibonacci retracements coinciding with the entry price
Confirmation-style Market Order execution after waiting for price to travel in and out of the entry UFO
GBPSGD 1h AutoUFOs™ Trade Alert! 2 March 2020Sell Limit @ 1.7960
Protective Stop Loss @ 1.8010
Take Profit @ 1.7860
Rationale:
Sell Un-Filled Orders (Red UFO ) available in the 1h time-frame
Buy Un-Filled Orders (Green UFO ) further below allowing for the current trend to continue developing
Boosting Options:
Higher time-frame moving average values or Fibonacci retracements coinciding with the entry price
Confirmation-style Market Order execution after waiting for price to travel in and out of the entry UFO
Double Top on the DailyOANDA:GBPSGD
The pair formed a double top from the 1.8214 resistance level on the daily chart which was at its highest since May 2018.
The pair formed a dynamic resistance at the 50 EMA on the hourly chart and I'm expecting a pullback from the 1.7940 support level and will carry on its bear movement.
I'm expecting the pair to go down and test the 1.7823 support level before continuing the bear or start consolidating.
GBPSGD. Price will keep its uptrend.Hello!
The British currency began its steady growth last month,
now this trend continues.
The price is approaching the resistance level,
this level is the target at 1.82500.
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This idea does not provide the financial advice.
GBPSGD, another Buy Zone is close!I will open Buy in Zone.
Reasons:
- the trend is bullish;
- there is a new Support/Resistance Zone;
- potential profit will be 3 times bigger than the risk.
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!
