GBPSGD trade ideas
GBPSGD Short GBPSGD has broken the trendline and have retraced to Fibonacci level where we can see some selling pressure
Short Setup favorable
GBP|SGD - Short OpportunityThere is an opportunity to short the GBP|SGD
- Short entries may be initiated on break of 1.76260
- Stop Losses should be above the swing high of corrective 1.77230 (Red Horizontal)
- Target Point A: 1.75050 (Green Horizontal)
- Target Point B: 1.74276
All remaining target and intermediary support zones to the downside are marked below entry by consecutive horizontal lines (blue.)
GBP|SGD - Long OpportunityThere is an opportunity to long the GBP|SGD on break of the recent swing high pivot after we established a lower high at 1.75015
- Long entries may be initiated on break of 1.76071
- Stop Losses should be below the last swing low of 1.75015 (Red Horizontal)
- Target Point A : 1.78267 (Green Horizontal)
All remaining target and intermediary resistance zones to the upside are marked above entry by consecutive horizontal lines (blue.)
GBP|SGD - Short OpporunityThere is an opportunity to short the GBP|SGD on the touch of the pendant channel resistance..
- Short entries may be initiated now or on touch.
- Stop Losses should be above the last swing high of 1.76094 (Red Horizontal)
- Target Point A (Safe): 1.75318 (Green Horizontal)
All remaining target and intermediary support zones to the downside are marked below entry by consecutive horizontal lines (blue.)
Retested with Singapore DollarGBP/SGD has retested its support level we are aiming for GBP to finally rise
GBPSGD potential reversal!
GBPSGD expected to rise up to 1st resistance at 1.74669 where it could potentially react off and drop down to 1st support at 1.70633.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPSGD 1h AutoUFOs™ Trade Alert! 16 March 2020Basic Approach:
-Short Entry @ 1.7635
-Protective Stop Loss @ 1.7685
-Take Profit @ 1.7585
Rationale:
-Sell Un-Filled Orders (Red UFO ) available in the 4h time-frame
-Buy Un-Filled Orders (Green UFO ) further below allowing for the current trend to continue developing
Boosting Options:
-Trade in the direction set by the overall Market Environment
-Select Take Profit Targets located at a reasonable/achievable distance
-Higher time-frame key price points such as moving average values or Fibonacci retracements coinciding with the entry price
-Confirmation-style Market Order execution after waiting for price to travel in and out of the entry UFO
-Apply Trade Management techniques to lock in profits once the trade begins moving in the right direction
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They are many ways on how to trade, but prices would not move unless Un-Filled Orders (UFOs) get filled.
Join our YouTube Channel ‘tradewithufos’ and be notified of upcoming live trading sessions.
Disclaimer:
We do not provide investment advice, nor provide any personalized investment recommendations and/or advice in making a decision to trade. Before you start trading, please make sure you have considered your entire financial situation, including financial commitments and you understand that trading is highly speculative and that you could sustain significant losses.
GBPSGD 1h AutoUFOs™ Trade Alert! 10 March 2020Basic Approach:
-Long Entry @ 1.7855
-Protective Stop Loss @ 1.7815
-Take Profit @ 1.7895
Rationale:
-Buy Un-Filled Orders (Green UFO ) available in the 1h time-frame
-Sell Un-Filled Orders (Red UFO ) further above allowing for the current trend to continue developing
Boosting Options:
-Trade in the direction set by the overall Market Environment
-Select Take Profit Targets located at a reasonable/achievable distance
-Higher time-frame key price points such as moving average values or Fibonacci retracements coinciding with the entry price
-Confirmation-style Market Order execution after waiting for price to travel in and out of the entry UFO
-Apply Trade Management techniques to lock in profits once the trade begins moving in the right direction
--------
They are many ways on how to trade, but prices would not move unless Un-Filled Orders (UFOs) get filled.
Join our YouTube Channel ‘tradewithufos’ and be notified of upcoming live trading sessions.
Disclaimer:
We do not provide investment advice, nor provide any personalized investment recommendations and/or advice in making a decision to trade. Before you start trading, please make sure you have considered your entire financial situation, including financial commitments and you understand that trading is highly speculative and that you could sustain significant losses.
GBPSGD, The pullback is possible!We can look for Sell entry now.
Reasons:
- the price is under the Resistance Zone;
- it has risen up with huge ATR, that's why the pullback is possible;
- but the target should be not far because the trend is bullish;
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Before to trade my ideas make your own analysis.
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38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS.
