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GBP/SGD

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GBPSGD trade ideas

How I trade the forbidden news & finance data. Long-GBPSGDReal I used to be a shocking chaser of news events and finance data, you know the important data that gets released at about the same time the NY session opens, give or take an hour or 2. But lets focus on the strategy that puts you in a position to win. If you like charting especilly being able to read things like where the demand levels are and where the supply candles are congregated, this will really help. If its USD pairs then I want to know which ones are weak and soft and which pairs the USD will shine and outperform over, if given the chance. So you play it best if you are super organised with your 'pairs' including the USD, I want to know basic things like support and resistance levels at the time of the announcement. One of my classic setups is being near a daily 200ema which is precisely what this trade I am in at the moment GBPSGD offers. The current daily candle is exactly intersecting (or vice versa) the 200ema, so that tells me that the trend is generally bullish. My old favourite MACD is also nicely involved here. MACD works so close to 100% reliability on the daily when a bullish cross-up is below the zero-line (as is the case here), this is another way of saying that the spring-back trade from oversold levels works better than just a run of the mill pullback with the trend. Some trading educator's won't like reading that because they feel that deep RSI thrusts well below 30 level will continue with the trend down. Perhaps this would be the case if the Instrument you are trying to revive from its oversold condition and to make it spring-back with a bullish reversal, had just lost 100% of its value and it was now worth zero, well it could crash and burn, but the initial cheaper price and change from over-supply to increased buyer demand, brings this back into vogue with buyers in the market. See on the daily macd that since crossing up on 26 November recently, the Macd-line has not even come close to touching or crossing the white signal-line. This is what you want to see and there will be no further trend reversal until such time that the Macd does in fact cross on the signal line. You want to analyse charts in advance as well to test out support and resistance levels. Working out how much RR-room you have between buy-price and SL level will be paramount to bigger profits but nobody like being stopped-out. What about in this setup when your long trade executes upon release of the economic news, are there any bullish buy-order blocks in the vicinity of your buy-price so that this will supportive of trade Long because you know that price will initially be attracted to liquidity nearby which also nearby you have your buy-order. Fibonacci-;levels can also be a big help in confirming the likelihood of price behaving like it does. As soon as you get bullish USD confirmation from the economic news do you toss in a market-buy order as fast as you can? Nah probably not because the market could be factoring in other things aside from your view of the current world of trading news. False breaks of rallys to the Longs and vice versa for the bears can be tempting to join but sometimes for example the gold price will false break and it could take the current buyers-in in the wrong direction and to place you in just enough financial pain to then take the market the intended true way. Wait, wait and wait. Even if you are unsure whether its a false break, one way to know its a real start of a trend is that a Fibonacci -retracement will soon commence to take-stock, slow the race down a tad and then in a slow and methodical way the price orders for further buys will be activated and bringing in new people to the Long position.
Long
by Easy_Explosive_Trading
#005 GBPSGD DCA BuyI entered on EURUSD just now then realised that I still have USDCHF position opened, and I opened the position with USD buy on both trades. So, I closed the EURUSD short trade I opened just now when I was in 2cents profit, deducting 1cent commission, I still made 1cent profit. Anyway, as for GBPSGD, the 60sma isn't as clear, but if you were to look from top down view starting on the Daily, then 4H, 1H to 15 Minutes, you would realise that buying in the short term is alright because the price has just bounced off the lower boundaries of the range on the Daily Time Frame. We shall see. Currently, I placed 1 market buy and 3 buy limit as marked out on the charts. If I were to add on more positions, I will be updating. 1629SGT 20112024
Long
by ProfessionalDuckHunter
Trade Signal Alert: GBPSGD - Sell OpportunityWe have identified a promising trade setup for the GBPSGD currency pair using the EASY Quantum Ai strategy. Direction: Sell Enter Price: 1.71394 Take Profit: 1.71152667 Stop Loss: 1.71813667 Analysis and Justification: 1. Technical Indicators: Our EASY Quantum Ai strategy leverages advanced technical indicators, such as moving averages, RSI, and MACD, which collectively show bearish momentum for GBPSGD. 2. Market Sentiment: Recent market sentiment has been unfavorable for GBP due to economic instability and unfavorable news from the UK. Contrarily, SGD has shown resilience amid the current global economic landscape. 3. Trend Analysis: A clear downtrend is observable on the 4-hour and daily charts. This indicates that the sellers are currently dominating the market, providing a high-probability sell opportunity. 4. Support and Resistance Levels: The pair has recently broken through a significant support level, which now acts as resistance. Our entry point at 1.71394 aligns well with this new resistance level. 5. Volume Analysis: Increasing sell volume suggests that the bears are gaining strength, adding further confidence to our bearish forecast. Stay tuned for more updates and always practice proper risk management. Happy trading!
Short
by ForexRobotEasy
GBPSGD Bullish H&S's Breaking-OUT currentlyGBPSGD_2024-08-16_01-24-33_19b08.png A trade I am currently in, I tried to post it about an hour ago but I was told the resolution was no good. 4HR, D, W left to right. GBPSGD is yearly very bearish & has been making some strong moves north lately. I was in this pair trade the other night in relation to another bullish head & shoulders. Perhaps look for a pullback. I think it has more to run. See my diagram on how to trade heads n shoulders if you are unsure. Cheers Chris
Long
by Easy_Explosive_Trading
Trade Like A Sniper - Episode 49 - GBPSGD - (18th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions. A couple of things to note: - I cannot see news events. - I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range. - I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks In this session I will be analyzing GBPSGD, starting from the 3-Month chart. If you want to learn more, check out my profile.
Education
by Road_2_Funded
2
GBPSGD POTENTIAL SHORT OPPORTUNITY Hey everyone hope your weekend has been amazing so far! Wanted to make my second post of the week on the FX pair GBP VS SGD. I do think we are coming into a nice potential swing opportunity on this pair and wanted to get on here and share what I am seeing on this pair starting as early as this week! So let's dive in! OK so when looking at GBPSGD there are some good confluences around this level to potential short prices here. As you can see on the chart I gave the bullet points that lead to the confluence I see on this pair...but basically ALTHOUGH PRICE YES IS GOING "UP" CURRENTLY...I think there is more probability for the next move in the market to be down (seller) then I do to the upside. Price is at multi month premiums...coming into a historical strong supply..etc etc. So that along with some technical charting confluences leads to the potential shorting opportunities we see here on the GBPSGD. OK hope this provided some value! Reference the chart for the full bullet points! But if you like this post please boost the post and follow my page for more accurate analysis! Cheers!
Short
by JosePips
GBPSGD - Monitoring the Weekly Swing Trade OpportunityGBPSGD's weekly price action appears cleaner than most of the other pairs I've been watching. Looking at the key levels, it appears that price is gradually recovering from the selloff initiated in mid-July. The last higher-low bottom out was in mid-October of 2023. The latest higher-low formation and breaks the upper range boundary. It's also a stronger indication given the moving average confluence; right now, the faster EMA-20 is picking up pacing in its divergence against the EMA-60. While this isn't a clear indication to bet on the upside just yet, I do think this pair is a strong contender to watch.
Long
by FinancialGamblR
GBPSGD _____ TRADE IDEA FOR DAY TRADERSHello Traders, I know this pair is not one that most people trade, however, the price structure of this pair presents a short trade for day traders. This pair has some bearish juice in it and based on the price structure, this pair is retracing after the bullish rally. If you look closely at how yesterday's candle closed, you will notice that the price was manipulated to the bullish side only to close bearish. Hence, a bearish continuation is probable. I'd like you to look at my speculation on GBPUSD for day traders (inserted below) Follow for more updates like this. GBPUSD ANALYSIS Cheers, Jabari
Short
by jabariofafrica