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JAPANESE YEN / SINGAPORE DOLLAR

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JPYSGD trade ideas

Possible SGD/JPY short position!!SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe 1-4 Days Actions on - A – Activating Event Market will meet resistance in zone @82.800 - .... and fall to the 81.200. In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 81.200 OANDA:SGDJPY Trade Management Entered @ ..... Stop Loss @ ..... Target 1 @ 81.200 Target 2 @ .... Risk/Reward @ 5.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
SGDJPY Forex Cross Pairs dropping with new supply levelsSGDJPY Forex Cross Pairs dropping with new supply levels imbalances being created. Weekly supply level around 82.27 has gained control, price is reacting to it creating weekly bearish engulfing patterns and new daily supply level around 82.48. That last daily supply imbalance has taken control a few days ago and had price drop very sharply from it. New supply levels are being created on lower timeframes, no longs are allowed on this SGDJPY Forex cross pair with daily and weekly supply imbalances in control. No need to use any lagging indicators, volume analysis or take into account fundamentals or earnings releases, we trade only supply and demand imbalances using a predefined mechanical set of rules.
Short
by AlfonsoMoreno
Possibly entries to short the retracement of SGDJPY @ 83.00There are two possible entries. 1) looks safer at the top of the supply area @83.00 and ride it down to TP 1 at 82.80 for 20 pips or 2) entry short will be at 82.70 The bottom of the supply area (resistance) and look for TP 1 at 82.50 for 20 pips ////// Spanish version: Hay dos entradas posibles. 1) parece más seguro en la parte superior del área de suministro @ 83.00 y desciende hasta TP 1 a 82.80 para 20 pips o 2) el corto de entrada será a 82.70 La parte inferior del área de suministro (resistencia) y busque TP 1 a 82.50 por 20 pips
Short
by POCTradingCamp
SGDJPY support level 82.402. Strength (4/5) Here we have a great trend line pattern that is taking place. we see the candle bounce of support level 82.402 and we plan to enter trade until a retest has been made on the support line as seen in the image with the arrows and we make a trade with shown TP and SL. Other probable scenario is the price level breaks through support level 82.402 and we wait for bounce off bottom trend line and on the close of a low volatile bull candle, place trade with take profit and stop loss.
Long
by rishiparbhu6
SGDJPY Swing Trading OpportunityHi everyone, SGDJPY has just formed a bearish butterfly harmonic pattern on the 1-hour timeframe with significant confluence as price-action has reached the upper resistance level of SGDJPY's current ascending channel. The potential reversal zone (PRZ) is comprised of 3 ratios: 4.23 BC projection at 81.813 1.618 XA projection at 81.793 3.14 alternate AB=CD at 81.776. Stop loss is set at the 2.0 XA projection, or 82.034. Take profit is set at two levels, management and final. The management level is the 0.382 AD retracement, or 81.406 The final level is the 0.618 AD retracement, or 81.168 The terminal price bar has just formed, confirming all three ratios. Price is also trading in an ascending channel that has formed as of the 8th of January, and the terminal price bar has not only confirmed the PRZ of the butterfly pattern but also reached the upper resistance level of the channel, creating a strong indication of a possible reversal downwards to occur. RSI has also reached overbought territory on the 4-hour, indicating a long term overbought state of the pair. As always, analyze price action as well for more confluence of a reversal! Thanks for reading, Kevin
Short
by Kevin_Zhang
2
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 !! 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!
Short
by SMPTrader