As We can see from the 4hr structure , a Break and retest to that trend line had occurred last week with strong bullish momentum even from the weekly and daily chart, right now I'm looking for a clean Entry to join the bullish run. Price has two options for optimal trade entries from my perspective. Option A, At 1.86798 support that has been tested and rejected as...
Looking for a rejection of support for this to climb higher. Recently broke above a big resistance level, if price can hold here and not fall below support again then there is a good long opportunity on this. Want to see MACD remain above 0 and EMA to remain bullish if and when this holds at support before longing. Target is at the next high of 1.88158
". There is still a possibility of temporary retracement to suggested resistance line (1.82290).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
. GBPSGD is in a range bound and the beginning of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a...
This has come to a big monthly supply level that it has rejected from 5 times already. Need to watch closely for a turn lower to short this to the support level that aligns with 0.5 Fibonacci as TP. SL just above the high once price turns lower.
There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (1.7190 to 1.7070). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
. Beginning of entry zone (1.7190)
. Ending of entry zone (1.7070)
While the price is above the support...
There 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...
There 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...