GBP/SGD SHORT
The Great British pound vs Singapore dollar currency pair is in a massive downtrend on the higher (daily and weekly) timeframes, and it is forming a symmetrical (isometric) triangle on the lower timeframes. Now it is important to note that there is going to be a lot of noise on the pound pairs for the coming weeks due to ongoing Brexit woes, but sell orders on this pair are a much safer bet considering the lack of confidence in what Theresa May can deliver to the British people.
This symmetrical triangle is a signal for selling this market since the higher timeframes show a downtrend.
As always, wait for a breakout before doing anything you will regret.
This symmetrical triangle is a signal for selling this market since the higher timeframes show a downtrend.
As always, wait for a breakout before doing anything you will regret.
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