Sell Limit Entry at upper parallelSell Limit Entry at upper parallel. Target profit at lower parallel with SL above previous high.
GBPSGD trade ideas
Perfect automated detection of Shark & Nenstar PRZ - ShortA bearish-type Shark pattern occurred.
If the price rises to 1.6938, a bearish-type Nenstar pattern could occur.
Also on the weekly chart, bearish-type Shark pattern is occurring.
Short after seeing the rebound.
*Harmonic patterns are automatically detected using the indicators below.
- Harmonic auto-detect PRO
GBPSGD ____ INCOMING BEARISH DUMPHello Traders,
This pair which is a new addition to my watchlist is looking interesting. Let me tell you why...
Firstly, the price just took out Dec 2022 high and reacted. You would see my label on my chart. Now price made a bearish expansion but not before taking out the relative equal highs as marked on my chart.
Now that price had taken buy-side liquidity, it is going to look for sell-side liquidity to take out.
I have marked out sell-side liquidity for the price to go hunt.
However, I advise you guys to watch out for the structural shift from bullish to bearish and lookout for manipulations before taking a trade.
Let me know what you think about this in the comment.
Don't forget to give me a like and follow.
Cheers,
David
GBPSGD ____ INCOMING BEARISH EXPANSIONHello Traders,
This pair which is a new addition to my watchlist is looking interesting. Let me tell you why...
Firstly, the price just took out Dec 2022 high and reacted. You would see my label on my chart. Now price made a bearish expansion but not before taking out the relative equal highs as marked on my chart.
Now that price had taken buy-side liquidity, it is going to look for sell-side liquidity to take out.
I have marked out sell-side liquidity for the price to go hunt.
Also, more reasons for this move, price retraced today just as it did in EURGBP to take out last week's Friday entries (I will include my EURGBP analysis).
However, I advise you guys to watch out for the structural shift from bullish to bearish and lookout for manipulations before taking a trade.
Let me know what you think about this in the comment.
Don't forget to give me a like and follow.
The EURGBP analysis
Cheers,
David
British Pound is weakening against Singapore DollarHello Everyone! the British Pound has reached its daily resistance area that is 1.67488, it looks weak and also the overall trend is bearish on higher timeframes thus we expect it to move to 1.63916 zone in the short term. Long term target is 1.60006
Thank You, Like and Comment if you like the analysis..
One Last push to the upsideThe bounce of the Fast MA could mean there is still some gas left to push this pair higher.
GBP/SGD - Bullish Rectangle - Trend Continuation PatternGBP/SGD is trading in a a bullish rectangle, which is a trend continuation pattern. Expecting price to break the rectangle upwards and continue bullish momentum!
GBPSGD SHORTPossible bearish movement of the pair. The price is currently in a trading zone with significant volume , with rejections at the top of the price right at the 55 period EMA , which is essential in my strategy for analysis of possible trend continuations. We also see significant development in the Squeeze momentum indicator and macd histogram monitors, with directionality changes to bearish confirmed. We see the attached ADX indicator entering below the 23 level line (0 point of the MACD histogram), indicating the weakness of the previous move higher as it bounced towards the 55 period EMA , to continue falling as the moves have indicated. previous; along with a possible sell signal pattern coming soon on the MACD lines. There could be a continuation of the downtrend.
If you are going to take my opinion into account, please respect the projection time, this is extremely important. If it is not fulfilled in the foreseen time and it makes a range, it will be better to close the operation in case it is possible.
GBPSGD LONGPossible upward movement of the pair. Price is currently in a lower bound trading zone with significant volume making stops and holding rejections at the bottom of the price near the 55 period EMA , essential in my strategy for analysis of potential trend continuations. Indicators like Squeeze Momentum and the MACD histogram have turned bullish after their red valley; accompanied by the loss of bearish strength indicated by the ADX rebounding towards the EMA . The MACD lines would be giving a possible buy signal soon. I think you could go looking for the previous high price zone when you see indications of a bounce move higher on the 4-hour chart. In 1 hour timeframes we see that it has broken the bearish structure, forming higher lows than the previous ones.
If you are going to take my opinion into account, please respect the projection time, this is extremely important. If it is not fulfilled in the foreseen time and makes a range, it will be better to close the operation in case it is possible.
GBPSGD SHORTPossible bearish movement of the pair. The price is currently in a trading zone with significant volume , with rejections at the top of the price right at the 55 period EMA , which is essential in my strategy for analysis of possible trend continuations. We also see significant development in the Squeeze momentum indicator and macd histogram monitors, with directionality changes to bearish confirmed. We see the attached ADX indicator entering below the 23 level line (0 point of the MACD histogram), indicating the weakness of the previous move higher as it bounced towards the 55 period EMA , to continue falling as the moves have indicated. previous; along with a possible sell signal pattern coming soon on the MACD lines. There could be a continuation of the downtrend.
If you are going to take my opinion into account, please respect the projection time, this is extremely important. If it is not fulfilled in the foreseen time and it makes a range, it will be better to close the operation in case it is possible.
Perfect automated detection of Cypher & Shark PRZ - LongA bullish-type big Cypher pattern occurred.
If the price drops to 1.6293, a bullish-type Shark pattern could occur.
Long after seeing the rebound.
*Harmonic patterns are automatically detected using the indicators below.
- Harmonic auto-detect PRO
Long in GBPUSD is suggestedNew HH and HL are formed showing an Uptrend, 1D Support, Bullish Morning Star Candle formation and Fib Retracement Support 0.78 are all indicators for upward rally. Hence long position can be taken here.
Short is recommended in GBPSGDA head and Shoulder pattern is formed in GBPSGD INDICATING a trend Reversal here. Short position can be initiated here.
Going Short in GBPSGDABCD Pattern is completed and a trend reversal is initiated. A downward movement is expected.
Long in GBPSGD is suggestedLong position can be taken in upward trend. Tweezer Bottom is seen for trend reversal
No.8Making higher highs and higher lows and showing an inside bar, 3 white soldiers, and bearish engulfing on the higher lows.
GBPSGD LONGThe third wave is over. Because the third wave is extended, the current price is in the B wave of the fourth wave. You can wait for the price to stabilize and then make the fourth wave C wave, you can buy.
GBP/SGD:Clues and signs for a new Bearish impulse | Short GBP/SGD show a Bearish Harmonic pattern formation in confluence with 61.8% Fibo retracement rejection from the previous Swing high there is also a touch of the dynamic trendline of the Bearish channel and the Ichimoku forecast it's also Bearish, not last the stochastic is in Overbought ready to come back in the normal range of value. All these details and signs are a great value for a Short trade.
GBP/SGD:DOWNTREND | SWING TRADING | SHORT SETUP 🔔Hello Everyone, I hope you'll Appreciate our Price action Analysis !
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