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GBP/SGD

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GBPSGD trade ideas

GBPSGD 1h AutoUFOs™ Trade Alert! 16 March 2020Basic Approach: -Short Entry @ 1.7635 -Protective Stop Loss @ 1.7685 -Take Profit @ 1.7585 Rationale: -Sell Un-Filled Orders (Red UFO ) available in the 4h time-frame -Buy Un-Filled Orders (Green UFO ) further below allowing for the current trend to continue developing Boosting Options: -Trade in the direction set by the overall Market Environment -Select Take Profit Targets located at a reasonable/achievable distance -Higher time-frame key price points such as moving average values or Fibonacci retracements coinciding with the entry price -Confirmation-style Market Order execution after waiting for price to travel in and out of the entry UFO -Apply Trade Management techniques to lock in profits once the trade begins moving in the right direction -------- They are many ways on how to trade, but prices would not move unless Un-Filled Orders (UFOs) get filled. Join our YouTube Channel ‘tradewithufos’ and be notified of upcoming live trading sessions. Disclaimer: We do not provide investment advice, nor provide any personalized investment recommendations and/or advice in making a decision to trade. Before you start trading, please make sure you have considered your entire financial situation, including financial commitments and you understand that trading is highly speculative and that you could sustain significant losses.
Short
by UnknownUnicorn3937504
GBPSGD 1h AutoUFOs™ Trade Alert! 10 March 2020Basic Approach: -Long Entry @ 1.7855 -Protective Stop Loss @ 1.7815 -Take Profit @ 1.7895 Rationale: -Buy Un-Filled Orders (Green UFO ) available in the 1h time-frame -Sell Un-Filled Orders (Red UFO ) further above allowing for the current trend to continue developing Boosting Options: -Trade in the direction set by the overall Market Environment -Select Take Profit Targets located at a reasonable/achievable distance -Higher time-frame key price points such as moving average values or Fibonacci retracements coinciding with the entry price -Confirmation-style Market Order execution after waiting for price to travel in and out of the entry UFO -Apply Trade Management techniques to lock in profits once the trade begins moving in the right direction -------- They are many ways on how to trade, but prices would not move unless Un-Filled Orders (UFOs) get filled. Join our YouTube Channel ‘tradewithufos’ and be notified of upcoming live trading sessions. Disclaimer: We do not provide investment advice, nor provide any personalized investment recommendations and/or advice in making a decision to trade. Before you start trading, please make sure you have considered your entire financial situation, including financial commitments and you understand that trading is highly speculative and that you could sustain significant losses.
Long
by UnknownUnicorn3937504
GBPSGD up for a correction or a reversal?The pair respected the 50EMA on the hourly chart for the third time. However, the bears are unable to push the price lower forming a minor support line just beneath the current TP zone. The price is approaching the 50EMA and looking at the Fibonacci retracement, we have a level at the 1.7821 which is just above the 50EMA and within our current zone. If the price gets rejected on the retracement and consolidates on the area of our low swing, that makes the minimum requirement for a correction. If the price beats the current swing low, our confirmation of the correction is complete and we will have a continuation of the trend looking to retest the 1.7533 level which would be the lowest since 21 January of this year. If we see our confirmation (bearish engulfing, shooting star, etc) we would go short, we can trail our stop and our first TP zone would be at the 1.7665 minor zone which was a support zone on 29 January. Our second TP zone would be at the 1.7533 level. That would give us a minimum 1:3 RR Ratio. A more conservative approach would be waiting for the confirmation of a trend continuation (break of the swing low) before going short on the pair.
Short
by KB_MarketAnalysis
GBPSGD 1h AutoUFOs™ Trade Alert! 2 March 2020Sell Limit @ 1.7960 Protective Stop Loss @ 1.8010 Take Profit @ 1.7860 Rationale: Sell Un-Filled Orders (Red UFO ) available in the 1h time-frame Buy Un-Filled Orders (Green UFO ) further below allowing for the current trend to continue developing Boosting Options: Higher time-frame moving average values or Fibonacci retracements coinciding with the entry price Confirmation-style Market Order execution after waiting for price to travel in and out of the entry UFO
Short
by traddictiv
GBPSGD 1h AutoUFOs™ Trade Alert! 2 March 2020Sell Limit @ 1.7960 Protective Stop Loss @ 1.8010 Take Profit @ 1.7860 Rationale: Sell Un-Filled Orders (Red UFO ) available in the 1h time-frame Buy Un-Filled Orders (Green UFO ) further below allowing for the current trend to continue developing Boosting Options: Higher time-frame moving average values or Fibonacci retracements coinciding with the entry price Confirmation-style Market Order execution after waiting for price to travel in and out of the entry UFO
Short
by UnknownUnicorn3937504