Hello Everyone! the British Pound has reached its daily resistance area that is 1.67488, it looks weak and also the overall trend is bearish on higher timeframes thus we expect it to move to 1.63916 zone in the short term. Long term target is 1.60006
Thank You, Like and Comment if you like the analysis..
GBP/SGD is trading in a a bullish rectangle, which is a trend continuation pattern. Expecting price to break the rectangle upwards and continue bullish momentum!
Possible bearish movement of the pair. The price is currently in a trading zone with significant volume , with rejections at the top of the price right at the 55 period EMA , which is essential in my strategy for analysis of possible trend continuations. We also see significant development in the Squeeze momentum indicator and macd histogram monitors, with...
Possible upward movement of the pair. Price is currently in a lower bound trading zone with significant volume making stops and holding rejections at the bottom of the price near the 55 period EMA , essential in my strategy for analysis of potential trend continuations. Indicators like Squeeze Momentum and the MACD histogram have turned bullish after their red...
Possible bearish movement of the pair. The price is currently in a trading zone with significant volume , with rejections at the top of the price right at the 55 period EMA , which is essential in my strategy for analysis of possible trend continuations. We also see significant development in the Squeeze momentum indicator and macd histogram monitors, with...
A bullish-type big Cypher pattern occurred.
If the price drops to 1.6293, a bullish-type Shark pattern could occur.
Long after seeing the rebound.
*Harmonic patterns are automatically detected using the indicators below.
- Harmonic auto-detect PRO
New HH and HL are formed showing an Uptrend, 1D Support, Bullish Morning Star Candle formation and Fib Retracement Support 0.78 are all indicators for upward rally. Hence long position can be taken here.
The third wave is over. Because the third wave is extended, the current price is in the B wave of the fourth wave. You can wait for the price to stabilize and then make the fourth wave C wave, you can buy.
GBP/SGD show a Bearish Harmonic pattern formation in confluence with 61.8% Fibo retracement rejection from the previous Swing high there is also a touch of the dynamic trendline of the Bearish channel and the Ichimoku forecast it's also Bearish, not last the stochastic is in Overbought ready to come back in the normal range of value. All these details and signs...
Hello Everyone, I hope you'll Appreciate our Price action Analysis !
Our strategy is based on Swing trading with price action Analysis and Advanced Fibos tools.
Please support our page by hitting the LIKE 👍 button to this Idea and Follow us to get NEW ONE!
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
If...
