GBPSGD trade ideas
Singapore dollar weighing down the British poundThe Singapore dollar has shown great strength for the past 12 months against the Great British pound, underpinned by the Singaporean economy growing 7.6% and expectations for it to continue growing the rest of this year. Adding to the strength of the Singapore dollar in recent weeks is China starting to lift its strict lockdowns, as China is Singapore’s third largest trading partner.
Looking at the weekly chart of the GBPSGD, we can easily see the strength of Singapore weighing this pair down. The BGPSGD has recently taken out the low from June 2020 and is possibly targeting the March 2020 next.
With an Aroon indicator on the chart of GBPSGD, we can look at the portions highlighted within the two circles and their corresponding trends in the chart above. The Aroon indicator is typically used for spotting trends and the strength of trends by following the movement of an orange ‘Up’ line and a Blue ‘Down’ line.
Within the first circle, the rising Up and Down lines suggest a weak trend for the corresponding chart. As such, the uptrend quickly petered out and entered a period of consolidation and a quicker reversal.
Within the second circle, we can see the Down line cross below the Up before reversing its trajectory. This movement in the Aroon indicator corresponds with the attempted bullish push in the GBPSGD. Once the Aroon lines reversed, The bullish push disappeared, and a strong bearishness entered the GBPSGD, and did so until the start of May. Currently, we can see that the two Aroon lines are separated by quite some distance. It may be worth keeping track of the Aroon lines to determine how close the GBPSGD wants to move toward that March 2020 low, if its downward trend holds.
GPBSGD break down this is the breakdown of the GBPSGD , on what to expect from the pairs in coming month , levels to pick trade and price target.
GBPSGD Will Fall! Sell!
Hello,Friends!
In this market situation, I am looking at multiple indicators
And I can see bearish momentum accumulating on the pair right now
This sentiment makes me bearish biased and I am considering a short!
Like and subscribe and comment my ideas if you enjoy them!
GBP/SGDBullish breakout :
Entry price 1.78339
Take Profit 1.78881
Stop Loss 1.78057
Bearish breakout :
Entry price 1.77465
Take Profit 1.76895
Stop Loss 1.77775
GBP/SGD BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
GBP/SGD is trading In way
That I predicted previously
And now the pair is retesting
A hidden bank’s level
So I think a bearish move will follow!
SELL!
✅LIKE AND COMMENT MY IDEAS✅
GBPSGD Daily OutlookWe are Expecting GBPSGD for long sell from Supply Level 1.82757 as the market break the Demand Level 1.80353. Market can go up till the Supply Level 1.82757 for sell entry after Re-Alignment in Short TF, If we see any Confirmation about Re-Alignment then we will update about market trend, We can sell it from the Supply Level 1.82757 to Demand Level 1.72650.
💡Don't miss the great sell opportunity in GBPSGD
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.81550).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPSGD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 23
Take Profits:
TP1= @ 1.8102
TP2= @ 1.8062
TP3= @ 1.8013
TP4= @ 1.7959
TP5= @ 1.7898
SL: Break Above R2
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💡Don't miss the great sell opportunity in GBPSGD
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.8155).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPSGD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 28
Take Profits:
TP1= @ 1.8102
TP2= @ 1.8062
TP3= @ 1.8013
TP4= @ 1.7959
TP5= @ 1.7898
SL: Break Above R2
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GBPSGD: Falling 3 Methods Visible on the Weekly TimeframeLets see if we can get some significant movement below the 200 week moving average from here.
💡Don't miss the great sell opportunity in GBPSGDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.82170).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPSGD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 35.
Take Profits:
TP1= @ 1.80773
TP2= @ 1.80184
TP3= @ 1.79490
TP4= @ 1.78665
TP5= @ 1.77790
SL: Break Above R2
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Trade well, ❤️
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💡Don't miss the great sell opportunity in GBPSGDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.82170).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPSGD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 35.
Take Profits:
TP1= @ 1.80773
TP2= @ 1.80184
TP3= @ 1.79490
TP4= @ 1.78665
TP5= @ 1.77790
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
GBPSGD (D) Bearish Cypher Pattern Investment information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy service is offered individually, taking into account the risk and return preferences of individuals. The content, comments and recommendations contained herein are in no way guiding, but are of a general nature. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not yield results that meet your expectations. Burada yer alan yatırım bilgi, yorum ve tavsiyeleri yatırım danışmanlığı kapsamında değildir. Yatırım danışmanlığı hizmeti, bireylerin risk ve getiri tercihleri dikkate alınarak bireysel olarak sunulmaktadır. Burada yer alan içerik, yorum ve tavsiyeler hiçbir şekilde yol gösterici olmayıp genel niteliktedir. Bu öneriler finansal durumunuz ile risk ve getiri tercihlerinize uygun olmayabilir. Bu nedenle, sadece burada yer alan bilgilere dayanarak bir yatırım kararı vermek, beklentilerinizi karşılayan sonuçlar vermeyebilir.
GBPSGD Sell set upGBPSGD is now approaching our key supply zone. WE should be expecting some weakness in the bullish move soon.
GBPSGD on a triple top 🦐GBPSGD on the 4h chart after the triple top is testing the 4h support.
The price is trading above the 0.382 Fibonacci level but if the price will break below and satisfy the ACADEMY rules we will set a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
GBPSGD ShortBearish trend set up. The pound getting ready for another impulse move to the short side
TryAs you remember good day starts with a good trade, folks🔥
There is an interesting formation on GBP/SGD.
Flag pattern on this.
The price is in a longterm Bullish trend , so this formation can be another confirmation to go long🔥
The price bounced from support and resistance level multiple times.
So follow the chart and look for the breakout carefully.
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And always remember: "we don't predict, we react".
GBPSGD shortAfter breaking the SL I waited for a new position to be determined for shorts. The market is going down in the higher timeframe. I found out the position, price and opened a short. I set a target for the position
GBPSGD short nowThe market is going down. I marked the zone, got a signal and opened a short position
Super Buy Opportunity!!!Hello guys. It's the last opportunity to but GBP/SGD. The wave 4 is about to end and It's time to start wave 5. It's not so sharp but will break the last peak. Don't miss that....
