GBPSGD trade ideas
Potential Inverse H&SAnother potential Inverse H&S in GBP this time in the GBP/SGD. Taking a conservative view and ignoring the larger spike down, targeting the 1.95 level. We are currently at the neckline so one to keep an eye on.
Any thoughts or ideas appreciated
GBPSGD Gartley PatternEntry: 1.8080
StopLoss: 1.8150
Target Profit: 1.79170
Will see how it goes in the Green Box as currently, it is still on the OverBought Zone in the RSI Indicator. Once the next candle has shown it's closed value and with RSI hitting below the Overbought zone, it will show that there is a higher probability of the currency of GBPSGD to fall.
GBPSGD Inverse Head & ShouldersVery nice Inverse Head & Shoulders, on the GBPSGD daily chart, Should take a few days to retrace a little before it attacks the breakout line again but well worth keeping an eye out for this as there are a lot of pips up for grabs!
This a Good Buy- GBPSGDWe have a strong divergence in play
On 4-Hour Time frame price has just closed strongly above 21-EMA
Looking to book Full profit at Fib 38.2% or where price will meet the declining Trend-line
Book Partial profits at Fib 23.6%
This trade is already active
Good luck
GBP Going Strong After BOE MinutesGBP a little weaker after today's BOE Minutes, yet, against SGD, it is going strong. Over several charts such as monthly, 4h, 1h all confirming a bullish direction. It has shown great support just under 1.72000. First test passed over 10ema, next is 22ema.
SGD/GBP – Process of forming Head and Shoulders on Daily?FX_IDC:SGDGBP
Wait for confirmation before entering short
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 )
time to ride the bullThis is an ascending triangle which means to me that the bulls have more control. If you take a look at the weekly time frame you can see that there was a bullish movement for some weeks. The stochastic has just entered the oversold section and this could also be a confirmation. the 50 day sma was behaving like a support and the 200 sma could be the limit to the upward movement. Be careful of the resistance line drawn as well.
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. BEARISH BAT PATTERNHere we have a beautiful high probability bearish setup
A nice bearish bat setup
Potential Minor price rejection at 1.79000
Potential target 1 at the Minor price at 1.78000
Trade safely guys !
GBP/SGD great opportunity to get into long term tradeThis is one of my main themes for my macro portfolio. I am looking to see more buyers for GBP and also we see same weaknees in Asia region which I express with this trade idea.
