GBP/SGD portfolio investment idea.This is not a trade advice, we hold trades over a year as a hedge retail. we are aiming for british pound to rise during summer period especially before the new PM take position in the UK.
GBPSGD trade ideas
GBP/SGD, Buy after fake break of key levelI will open buy if the price will make a fake broke of 1.73508
- 1.73508 powerful level and 14 Feb Low
- After fake broke we will have a low risk
- Potential profit in 10 times bigger
GBPSGD Short daily/4-hourPotential short. Nice hot-spot with confluence (horizontal and diagonal resistance) with price now coming into that area. I'll look got short signals here or a break of 4-hour trend-line.
GBP/SGD Resistance provides good short on retestThe Pair has broken its upwards sloping trendline and has been moving down since. The next strong Support is met at 1.76136 and next strong resistance is seen at 1.77389.
The Trend is still bearish but shorting right away provides a Risk/Return just below one. An Entry Order below the Resistance, say at around 1.77, will provide an opportunity to enter on short term rebound and stay in the trade all the way down.
GBPSGD 4h AutoUFOs™ Trade Alert! 08 May 2019Execution:
Buy Limit @ 1.7750
Protective Stop Loss @ 1.7710
Take Profit @ 1.7860
Rationale:
Buy Un-Filled Orders (Green UFO ) available in the 4h time-frame
Sell Un-Filled Orders (Red UFO ) further above 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 4h AutoUFOs™ Trade Alert! 08 May 2019Execution:
Buy Limit @ 1.7750
Protective Stop Loss @ 1.7710
Take Profit @ 1.7860
Rationale:
Buy Un-Filled Orders (Green UFO) available in the 4h time-frame
Sell Un-Filled Orders (Red UFO) further above 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 long intraday/swing trade setupGBPSGD long intraday/swing trade setup
Buy 1.78663
TP1 1.79477
TP2 1.80184
SL 1.77863
Entry long on this pullback 3 drive pattern.
GBPSGD Buy SignalPattern: 1D Channel Up.
Signal: Bullish after a Higher Low was made.
Target: 1.8200.
Declining TrendlineI expect the red trendline to be tested before a drop may occure. Yesterday's hammer supports this idea.
Shouldn't Have ClosedTo reenter the upward channel has been a buying signal. I had lost the trust in it and closed the position. It was a mistake. Now I am trying to jump on the running train. But I see some chance for a further rise.
