Sterling felt oversold on recent scottish independence news. In fact, price seems to be reacting favourable at the current levels, with seemingly higher lows and taking out minor supplies. A potential for long, with a stretch target of 1.75000, stop right below the recent low.
Talking Points: Technical Strategy: Temporary Bearish Elliottwave Count: Correction still in process. Expecting one more leg down. HTG Note: Current wave structure on GBP/SGD is looking bullish on daily timeframe. However, while decomposing lower time frame count, we are expecting correction should still due and should be completing in near future. Our...
Here we have a beautiful high probability bearish setup A nice bearish Gartley setup Potential Minor price rejection at 1.79000 Potential target 1 at the Minor price at 1.78000 Trade safely guys ! (For me, trade will be taken if price goes outside the Bollinger bands & RSI overbought/sold)
We have an interesting setup in GBPSGD, look to enter longs at market open, on dips to support or if we get new highs. There is potential for the weekly uptrend to resume as well, but ideally we'd want to see price move in our favor right away. As usual, risk a max of 1-2% on this trade if you take it. Stop loss orders should be below Friday's low to be...
long this pound sing dollar #GBPSGD $GBPSGD
I'll spare you the Macro rant and just say the this GBPSGD trade looks like a potential lucrative way to play the divergent themes between Europe and Asia right now. The .5 fib is just above the most recent highs. All the technicals are there. I'm starting small and will ride this as far it goes. From the WSJ - Singapore’s export-dependent economy faltered in...
Great trading opportunity setting op on the gbp/sgd 4hr. Amazing Risk/Reward as usual :). We have gotten recent good economic news from the UK as a confirmation for a very high probability trade right here. Happy trading :)