SGDJPY 15 minute chart Three Drives Pattern.My first three drives pattern but I've included a stop loss and thee target prices.
JPYSGD trade ideas
SGDJPY Short Daily/4-hourThis is a nice bear flag on the daily which retested a weekly resistance trend-line.
Possible Short position SGD/JPYSELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 1 Day
Actions on -
A – Activating Event
Currency Pair creating a Double Top .
B – Beliefs
Market will be rejected at @80.300 level and move towards the first Target 1 level @ 79.750
FX:EURCAD
Trade Management
Entered @ Still waiting for confirmation.
Stop Loss @ Still waiting for confirmation.
Target 1 @79.750
Risk/Reward @ 2:21
Happy trading. Will let you know closer to the time if or when executed:)
Follow your Trading plan, remain disciplined and keep learning !!
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Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
SGDJPY, Ready go to the moon ?If I look at the chart, the pattern is an Ascending triangle which means it tends to be bullish, and the RSI indicator is positive, but there is a strong resistance around 83, if it can be broken it is positive bullish, I suggest buying it around 82 or on the green line, Thank you.
Sell SGD/JPYThis is just a journal for me. I strongly warn you to not take this in your real account. Good luck!
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
SGD/JPY 1H Chart: Two scenarios likelyThe SGD/JPY currency pair has been trying to surpass the resistance level—the Fibonacci 50.00% retracement at the 83.00 mark.
Two scenarios likely. If given resistance level does not hold, it is likely that the exchange rate go upwards to re-test the upper boundary of a long-term ascending channel located circa 83.45. Important level to look out for is the monthly R1 at 83.16.
Otherwise, a reversal south might occur in the nearest future. A potential downside target is the Fibonacci 38.20% retracement at 80.72.
Short Opportunity [SGD/JPY]Basic price action and resistance levels give us this opportunity.
Can then long if the short is successful.
Not financial advice.
Possible Short Position SGD/JPYSELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 1 Day
Actions on -
A – Activating Event
Currency Pair creating a Double Top .
B – Beliefs
Market will be rejected at @82.37 level and move towards the first Target 1 level @ 82.00 level.
FOREXCOM:SGDJPY
Trade Management
Entered @ Still waiting for confirmation.
Stop Loss @ Still waiting for confirmation.
Target 1 @82.00
Risk/Reward @ 2:1
Happy trading. Will let you know closer to the time if or when executed:)
Follow your Trading plan, remain disciplined and keep learning !!
Please Follow, Like,Comment & Follow
Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Incoming Drop SGD/JPYAS long as the current candle doesn't close above 82~82.10 then the move down is valid.
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
SGD/JPY 1H Chart: Short-term decline expectedDownside risks prevailed in the market, thus sending the Singapore Dollar 2.60% lower against the Japanese Yen.
Given that the pair is pressured by the 200-period SMA (4H) at 81.96, the general direction is expected to remain south within the scope of the next week. Two important levels to look out for are the monthly S1 at 81.24 and the Fibonacci 39.80% retracement at 80.61.
However, this decline might not be immediate, as some upside pressure is likely to push the exchange rate up to the the weekly R1 at 81.86.
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
SGDJPY :Will it goes higher or lower?Did this out of a favour of a friend who is going to Japan, well can this work?
Of course, it does. Not only the knowledge of analysing the chart can be used on trading, but it also can be used on our daily lives, from when is a better time to do your exchange to when you make your online shopping purchase and even use a better time to pay your suppliers/ importing or exporting products for your business.
So, my analysis goes, the breaking and closing above of the candle(while) on this chart(Daily Chart) is critical to make the decision if the exchange has to be made before 2 Nov.
If the candle, break above and close above the box(white candle) the likelihood it will reach 82.51 is high, if not, this will be the good time to exchange.
Let's see how the candle close today and I will update the group tomorrow.
Subscribe to our channel or source of this information to find out more.
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.THIS IS AN UPDATE ON THIS TRADE ...
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
SGD/JPYSGD/JPY has broken its 50 EMA on the 4H chart.
As long as it hold as resistance, we can see SGD/JPY to drop further more.
Trade safe.
SGD/JPY 1H Chart: Pressured by 55-, 100– and 200-hour SMAsThe Singapore Dollar has been depreciating against the Japanese Yen after the currency pair reversed from the upper boundary of a long-term descending channel at 83.30.
Currently, the rate is trading near the lower boundary of the junior channel near 82.30. From the theoretical point of view, the pair should aim for the lower boundary of the senior channel. Given this fact, it is expected that the pair might continue following the junior trend. Potential downside targets could be the weekly S2 at 81.95 and the weekly S3 at 81.64.
It is unlikely that the exchange rate could surge towards the upper line of the senior channel due to the resistance of the 55-, 100– and 200-hour SMAs located in the 82.64/82.78 range.
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
SGD/JPY Hitting Key Level, High Probability Reversal (Short)Hey Traders today we are looking into this Exotic Pair that looks really interesting to me.
SGD/JPY hit Major Resistance Zone and bounced a little above it.
From now we could move higher or go down fast and hard.
Our first Take Profit level is at 82.550 We could see a Rise back up again from this level and form a Eliot Wave , My Guess however is not.
Second Take Profit Level is at 82.055 I think this will be easly within the next few days.
