GBPSGD Price Trap 15min EntryPrice broke down and retested in 1H chart. Zoom into 15min chart for entry, took the trade because of the formation of bearish engulfing candle
GBPSGD trade ideas
Shorting the GBPSGDAppearing to be in a flat here, I am estimating a pivot point here. We must could be going down if I am right. Fibonacci point where the goals are and invalidation is in red. Not financial advice.
Long term bearishIt’s still inside the rectangular small channel, but it’s momentum to change direction is getting weaker, high possibility it is forming a continuous bearish trend
GBPSGD may continue to dropgbpsgd may continue to drop lower, chance to sell now. R:R 1:3
Max 2% ONLY
Good luck
GBPSGD Buy Entry Price 1.77507 Sell Entry Price 1.74880GBPSGD Buy Entry Price 1.77507 Sell Entry Price 1.74880
