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.
JPYSGD trade ideas
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 !!
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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.
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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.
Monthly Arc pattern. Short.SGDJPY is trading within an Arc pattern on the Monthly chart (RSI = 50.506, Highs/Lows = 0.0000, MACD = -0.380, B/BP = -0.9320) and the symmetrical Lower Highs are evident. One is such currently ar 81.800 which has tested the 1D Resistance level (RSI = 60.899) and is expected to be rejected and reverse lower. We are entering a short, TP = 80.265.
SGD/JPY 1H Chart: Short-term decline expectedThe SGD/JPY exchange rate has been tended north since the middle of August when it reversed from the senior channel near 80.10.
The general direction is expected to remain north within the scope of the next week. Two important levels to look out for are the monthly PP at 81.88 and the weekly R1 at 81.93.
However, technical indicators suggest that this advance might not be immediate, as some downward pressure is likely to push the rate down to the 100-hour SMA at 81.22 or slightly lower to the weekly PP at the 81.09 mark.
I like setups like this, issa classic> SL on lesser timeframe
> TP not set yet, I will decide where to put it after testing the support of 81.275
icmarkets.ctrader.com
SHORT 38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.
FIB Retracement Percentage is calculated in a Higher Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
Potential weakness in SGD as CNY weakens, stronger JPY on riskFundamentally, as trade tensions worsen, SGD should weaken in tandem with CNY while risk aversion will cause JPY to strengthen. On the charts, SGD/JPY is trying to break below the Ichimoku clouds. Keep an eye on this as it could develop into a strong bear trend on the weekly chart.
SGDJPY ranging?Have observed SGDJPY for quite some time now. Seems to me that this pair is ranging + we are at a resistance zone. It might be a good idea to take a short trade here.
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
POSSIBLE E7 GWAVE Euclidean Structure.
FIB Retracement Percentage is calculated in a Higher Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.
Having completed a E7 GWAVE Euclidean Structure. I am now looking for an E8/E9 Structure.
An E9 GWAVE Euclidean Structure has significant consequences on the instrument in question ( and it's related/connected instruments eg other FX pairs, Indices, Interest Rates etc ) !!!
These consequences are far beyond the scope of this OPEN platform.
As always .......
FIB Retracement Percentage is calculated in a Higher Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
