Hello traders,
I am a noobie in trading. I am interested in Forex as a start to my trading. I have been looking at SGD/JPY rates for the last weeks as I am travelling to Japan end of March.
My question is when do I buy my JPYs.
I added the resistance and support line on the chart above. My first thought is that the up trend maybe turning bearish. Maybe I should buy it soon before the SGD weakens further. Would love to hear some of the more knowledgable traders here
cheers
Dr. Espinha
I am a noobie in trading. I am interested in Forex as a start to my trading. I have been looking at SGD/JPY rates for the last weeks as I am travelling to Japan end of March.
My question is when do I buy my JPYs.
I added the resistance and support line on the chart above. My first thought is that the up trend maybe turning bearish. Maybe I should buy it soon before the SGD weakens further. Would love to hear some of the more knowledgable traders here
cheers
Dr. Espinha
Note
So the JPY did break the support line. I open a position and I am looking at reaching SGD-JPY at 79.000
Any one thinks otherwise?
cheers
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.