Hi subscribers! The price of the British pound has already begun to develop according to the Cup and Handle pattern. On the chart you can see that the yellow candle (it signals growth) has gone up. The price will be tending to the level of resistance. Good luck to you. If you liked this idea, please like and subscribe to my profile. This idea does not...
The pair is trading within a 2 year 1M Bearish Megaphone pattern that is currently testing its Lower High trend line (hence the neutral RSI = 48.838, ADX = 27.266, Highs/Lows = 0.0000). What's really interesting is the fact that this pattern is symmetrical to the 2016/2017 rise. Based on that if the price rebounds now above 1.7200, there are high chances to break...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.6908). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPSGD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support....
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.6908). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPSGD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support....
GBPSGD - 2a - 190115 - SHORT - OANDA - AT - 12H - (RRR 3.66)
The pair is falling within a low pace 1D Channel Down (RSI = 42.443, MACD = -0.005, Highs/Lows = 0). TP = 1.77326 and 1.76614 (with the latter the 1W support). 1.73888 can be pursued only if the SL is on profit margin as it is a multi year support.
I expect price to close below the moving average for the month of September. I'll be looking for bear signals on the daily time frame. Entries will have a stop loss but no take profit targets. Trades will be closed when monthly candle finishes painting.
GBPSGD is in lowest prices in year, but price action still suggests there's still a wave 5 down, which will give us a higher (wave3-to-wave5 vs RSI) divergence to signal the reversal.
Gbp-Sgd H4 Time Frame Sell Setup Going To Formated