GBPSGD trade ideas
GBPSGD long intraday/swing trade setupGBPSGD long intraday/swing trade setup
Buy 1.78663
TP1 1.79477
TP2 1.80184
SL 1.77863
Entry long on this pullback 3 drive pattern.
GBPSGD Buy SignalPattern: 1D Channel Up.
Signal: Bullish after a Higher Low was made.
Target: 1.8200.
Declining TrendlineI expect the red trendline to be tested before a drop may occure. Yesterday's hammer supports this idea.
Shouldn't Have ClosedTo reenter the upward channel has been a buying signal. I had lost the trust in it and closed the position. It was a mistake. Now I am trying to jump on the running train. But I see some chance for a further rise.
Back in the ChannelThe fall out of the channel has proved to be short lived. As we are back in the upward channel there will be more space up to test the previous high again.
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
Below the ChannelWe are below the rising since the beginning of the year channel. This is important the more that at the same time we are also holding below a level which had been the bottom since January 22nd and the top at January 14th.
Correction DoneWe've corrected the January rise for almost 50% and have reached the rising trendline. A renewed attempt to rise may be expected.
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
Bottom for a RetracementThe fall came to a halt at least temporarily. Thus I am expecting a certain corrective rise at least.
GBPSGD - 1a - 181102 - SHORT - OANDA - AT - 8H - (RRR 3.66)GBPSGD - 1a - 181102 - SHORT - OANDA - AT - 8H - (RRR 3.66)
CorrectedAfter the break out of the downward channel the way shall lead upward. A retracement towards the top of the channel was likely and has been taken place now. Thus the way may be clear for a rise, even a substantial.
Long AgainI got stopped in again after having been stopped out yesterday. After the breakout of the downward channel existing since October the way shall be upward only.
BottomNo idea what kind of Brexit we will see after tomorrows session of Britain's parliament. But the chart tells me that we see a temporair bottom which may result in a retracement of yesterday's peak.
GBPSGD - 2a - 190115 - SHORT - OANDA - AT - 12H - (RRR 3.66)GBPSGD - 2a - 190115 - SHORT - OANDA - AT - 12H - (RRR 3.66)
On the Upper Side of the Trading ChannelWe are holding within a long term trading channel and shall face another attempt to confirm its existence. I am taking the missing momentum at the present level as a sign of such a coming attempt.
