GBPSGD, bullish BAT / Gartley
GBPSGD try to breakout daily trendline and go towards 1.81
I had initially thought that the end of wave 3 could in fact have been the end wave 5, but alas I appear to be wrong. GBPSGD seems intent on continuing downwards. I have picked the 50% extension of waves 1-3 as the likely endpoint just because it seems to fit the channel.
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...
Momentum Breakout level on the 1.9800 level where there are 3 touches to the point. Good opportunity to buy when breakout happens. Bullish trend and also the pounds push back from the start of the week.
Short GBPSGD 1.9720 but wait for next week candle confirmation
SHORT TRADE : Entry : SELL @ 1.9570 Target : 1.9300,1.9000 Stop : 1.9750 Risk Level : LOW RR ratio : 1:3 For more signals : www.fxgenie.com
SHORT TRADE : Entry : SELL @ 1.9740 Target : 1.9450 Stop : 1.9925 Risk Level : LOW RR ratio : 1:2
long this pound sing dollar #GBPSGD $GBPSGD
Fundamentals This pair is fundamentally long, that is because turmoil in international markets along with pressure from the SGD's neighbor in China, might cause a selling pressure on the emerging market to face off the negative global trade effects, which is another play for currency wars, especially that Singapore mainly depends on global trade which is poised...