JPYSGD trade ideas
SGDJPY Trading Plan BUY - Riks Reward 1:3 SGDJPY Trading Plan BUY - Riks Reward 1:3
Counter Trend Daily
SGD/JPY H4 Cypher trendfollowingSGD/JPY h4 is showing a cypher pattern in its wedge up. There is also some divergence on the MFI.
I am going to enter long positions as long as it stays in this wedge, sl can be tight because if it breaks out short of the wedge the idea is "wrong" anyway.
Targets are general harmonic targets or the top of the wedge/ major trendline hit.
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38.2% & POSSIBLE 61.8% Retracement LONG GWAVE38.2% & 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 GWAVE38.2% & 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 SHORT GWAVE38.2% & 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 SHORT GWAVE38.2% & 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 SHORT GWAVE38.2% & 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.
SGDJPY exepcting higher bearish continuation technicaly based
ENTRY: 77.300
TP: 76.800
TP2: 76.400
TP3: 76.000
SL: 77.900
Chart time frame - 1D
Time for reaching TP - 1-2D
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Potential Correction on JPYSGD?Looking at the trend pattern, there's a potential that the price will go up to the Wave 5 which might signal that there's a potential that the trend is approaching its end and could result in a correction or a reversal.
Looking at the daily chart, we see the price rally beyond the 0.0129 resistance zone but clearly gets rejected which signals that the bulls are having a hard time pushing the price up.
Moreover, both the stochastic and the rsi are currently at the overbought zone which give confluence to our analysis.
SGDJPY analysis1. W1 shows a somewhat sideway trend with a minor downtrend forming
2. D1 shows that it is currently in the demand zone
3. Wait for colour confirmation then enter a long trade
4. Take profit at 80pips with stop loss at 40pips
buy sgdjpy Buy sgdjpy however wait on retracement as indicated on my chart ,you just buy limit the order and wait on price to trigger your buy limit trade your stop loss at the beginning of the new trend (head)...best of luck
SGDJPY SELL THIS MARKET HAS CAME BACK TO A VERY KEY LEVEL WHICH IS SUPPORT HOWEVER AM LOOKING AT THE SELLING MOMENTUM FROM LAST WEEK TO ME THIS INDICATES THAT BEARS MIGHT JUST DRIVE THE MARKET EVEN LOWER. WATCH THIS LEVEL FOR POSSIBLE SELLING OPPORTUNITY.
