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.
GBPSGD trade ideas
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.
Back in the ChannelThe fall out of the channel has proved to be short lived. As we are back in the upward channel there will be more space up to test the previous high again.
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
Below the ChannelWe are below the rising since the beginning of the year channel. This is important the more that at the same time we are also holding below a level which had been the bottom since January 22nd and the top at January 14th.
