GBP/SGD Trading Analysis (24/06/2025)
The trend is down. The bulls are testing the 200 EMA on the H4 timeframe. The inner wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the stochastic oscillator is signaling an overbought condition.
Trade idea:
- Sell when the descending wave structure begins forming and wave A breaches the sloping channel of the ascending truncated structure.
- Stop-loss at 1.7400.
- Price targets are 1.7328 and 1.7280.
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