GBPSGD trade ideas
GBPSGD, Where to Buy?..The best place for Buy will be above the Support/Resistance Zone.
Reasons:
- Buy Zone is near the Trend Line;
- Support/Resistance Zone can reverse the price move;
- it's approaching with high ATR size.
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 in the Range Channel...I will open Sell near the resistance level 1.77445.
Reasons:
- the price is in the Range Channel;
- 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 LONG TRADE AFTER BULLISH CANDLES FORM ON SUPPORTLooks like buyer are back in after we see and inverted bullish hammer followed by a bullish engulfing candle form on the 1 hour chart on the GBPSGD. This is also a daily support level and price printed a pin bar rejection candle at support as well on the 4 hour chart. I will be targeting previous daily resistance for a 1:2.5 trade.
GBPSGDI am currently monitoring this pair very well against all macro economic events. fundamentally as we all know the Brexit situation has been some key reason why price has been bullish due to the higher probability of the no deal Brexit being pushed back to allow more time to construct a meaningful tariff and trade deal between the UK and key EU member state. this has given a bullish sentiment across most GBP crosses. with that being said should we reach march and there is no real deal or any negative event we might see price retracing from the. key levels of around 18200.
This brings me to my technical analysis for this pair where we look to have an inverse head and shoulder pattern playing out. I will be looking to have some sell orders places around the 18200 handle with targets at 17520 which lines up with the 61.8% key demand zones and will complete the right inverse shoulder. from there I do expect the major trains line from 2014 broken and retested.
for now all eyes are at 18200 handle for short positions. lets see how price will play out so patience is what we need
GBPSGD Demand AreaPlease try to read the chart for entry point , stop loss and take profit point.
Analysis is based on supply and demand, and trend line.
Good luck for your trading.
GBPSGD Long Price have broken daily trendline and has broke the structure of a downtrend
retested Fibonacci level at 61.8% which indicated an engulfing candle for longs
GBPSGD SHORT TRADE. REJECTION OFF OF RESISTANCEHi, even though it's the holidays there are still opportunities so don't believe the rumors that the market slows down for the holidays. Money never sleeps. Anyway, I'm shorting the GBPSGD pair after price is rejecting it current resistance level which is also a level on the Daily chart. I will be targeting previous support.
GBP/SGDTrade Idea, Please do not take this as your trade guidance we hold positions longer term and also hedge against the positions.
GBPSGD, The best place for Sell..The price is near 9-Months High 1.80965.
It can bounce down after the false breakout.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analyze.
Write your comments and questions here!
Thanks for your support!
GBPSGD ShortWe are now reaching the end of our up wave
Waiting for bearish set up to confirm downside
GBPSGD Bearish ResistanceDaily chart in congestion price at previous resistance.
4H weakening of bullish strength, MACD Divergence.
Bearish Opportunity but GBP is very unpredictable. Odds are favouring a short. Good luck.
GBPSGDWatching this move Double Top. Highs are not taken out yet waiting on that move before some selling to the low area
ANALYSIS OF GBPSGD 2.12.2019The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.
If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1.7710
• Take Profit Level: 1.7850 (140 pips)
If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.7535
• Take Profit Level: 1.7485 (50 pips)
USDJPY
A possible long position at the breakout of the level 109.70
GOLD
A possible short position in the breakdown of the level 1452.00
USDCHF
A possible long position at the breakout of the level 1.0010
EURUSD
A possible long position at the breakout of the level 1.1030
WHY TRADE WITH PAXFOREX?
We are one of the fastest growing Forex Brokers in the Market. Trade with PaxForex to get the full Forex Trading experience which is based on...
Top Effective Educational Tools For All Types Of Traders
The Reliability in all assets in the market
Live Multi-language Online Support 24/5
GBPSGD: Optimal Buy entry.The pair is trading within a 2 year 1M Bearish Megaphone pattern that is currently testing its Lower High trend line (hence the neutral RSI = 48.838, ADX = 27.266, Highs/Lows = 0.0000).
What's really interesting is the fact that this pattern is symmetrical to the 2016/2017 rise. Based on that if the price rebounds now above 1.7200, there are high chances to break the pattern aggressively to the upside. In our opinion it is safer to buy when/ if the Golden Cross (MA50 crossing over the MA200) takes place. The target is entirely up to you but 1.8700 can be a good benchmark.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
GBPSGD LongDue the to price breaking the previous (A) top the pattern has now become a Bullish Expanded B wave Flat
Have a Bullish outlook in the short term
Still believe we will have a 5 wave down breaking previous bottom on the Daily but will have to monitor chart
If it breaks the top of wave (2) on the Daily then pattern and Forecast will have to be updated
