Get started

Great Britain Pound vs Singapore Dollar

No trades
See on Supercharts
Overview
Ideas
Discussions Technicals Seasonals Economic Calendar

GBPSGD trade ideas

GBP/SGD specs display extreme optimism at inflection pointA nice swing short set-up presenting itself here on the GBP/SGD currency pair. Multi-month (R) horizontal resistance zone coupled with Rising Wedge resistance (red line) capped further gains during this morning’s European session. Anywhere inside the green resistance zone should suffice for short positioning (short-medium term), with stops above (1). Short-term speculators should look for profit-taking around the low 1.81000s for a re-test of wedge support (blue line). Below wedge support will indicate selling pressure is building, which in turn will invite short swingers to board the new trend for further downside. Above (1) negates this bearish set-up.
by rapidrunners
2
GBPSGD on the break of a bull flag 🦐After the break and retest oof the discending channel between the blue trendline the market has created a strong impulse to the upside. Price on the 4h chart retraced creating a Bull Flag between the yellow trendline.+ According with PLnacton's strategy we can set a nice long order. ––––– Follow the Shrimp 🦐 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 Plancton0618 strategy will trigger.
Long
by InkyGrip
3
GBPSGD STANDBY 03/08/20Nobody can predict where the price will go from here. so it is not worth trading. until everything starts to make sense again. If it goes up (1) to the top it will be an easy sell, if it moves down due to the strong uptrend we can look buys when stochastic hits oversold (4). If it stays in a correction long enough this will confirm one more big push to the upside (3). The other option is to look for setups on a lower time frame and try to get in any direction without stoploss (hedging). In this case positions sizes must be kept small to avoid getting into an emotional trap. In this case if a position is triggered the take profit should be as far as possible.
by TradeWithTheLogic