Look for Entry On Daily, Wait for the pullback
CURRENTLY THE PAIR IS ON CORRECTION PHASE. PRICE MAY CHANGE THE FORMATION. BUT THE TREND IS STILL BEARISH. SELL HIGH AS MUCH POSSIBLE. TELEGRAM CHANNEL LINK: t.me
Hi traders, GBPSGD looks good for a breakout to upside, but the question is, is the downside over? I guess we will all soon find out. Could have one more downside move before the upside begins. Best regards, Tom_Killick
short now or wait 1.81850 the pull back to 0.618%. reason to short now is the Libra pattern. small red lines are SL's based on you account, if you can handle, than your SL should be the higher one. good luck
GOOD LUCK We can watching all pound pairs with correlation with GBPSGD.
Another potential Inverse H&S in GBP this time in the GBP/SGD. Taking a conservative view and ignoring the larger spike down, targeting the 1.95 level. We are currently at the neckline so one to keep an eye on. Any thoughts or ideas appreciated
Entry: 1.8080 StopLoss: 1.8150 Target Profit: 1.79170 Will see how it goes in the Green Box as currently, it is still on the OverBought Zone in the RSI Indicator. Once the next candle has shown it's closed value and with RSI hitting below the Overbought zone, it will show that there is a higher probability of the currency of GBPSGD to fall.
Very nice Inverse Head & Shoulders, on the GBPSGD daily chart, Should take a few days to retrace a little before it attacks the breakout line again but well worth keeping an eye out for this as there are a lot of pips up for grabs!
We have a strong divergence in play On 4-Hour Time frame price has just closed strongly above 21-EMA Looking to book Full profit at Fib 38.2% or where price will meet the declining Trend-line Book Partial profits at Fib 23.6% This trade is already active Good luck
GBP a little weaker after today's BOE Minutes, yet, against SGD, it is going strong. Over several charts such as monthly, 4h, 1h all confirming a bullish direction. It has shown great support just under 1.72000. First test passed over 10ema, next is 22ema.