SGDJPY trade ideas
SGDJPY Daily Chart : Bearish ReversalBearish engulfing candlestick daily downtrend suggest bearish reversal. Invalidation 75.83
stochastic accros 80 line towards oversold. Potential continue downtrend.
Like & follow much appreciate. Money management in priority
SGDJPY possible shortFirst swing played out nicely.
Let's see if we can pull it of once more...
Waiting for a short entry setup.
SL 85.62 and TP 77.90
The small bearish rejection candle on H4 is not enough.
#SGDJPY: Bullish Momentum At Key Level, Continuation? #ForexTraders
Genuine bullish momentum seen here, expecting to see a nice move off some genuine momentum to the highs of this range.
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Best of luck,
Tom
Possible bearish shark patternSGDJPY broke major support line in daily time frame, so support becomes resistance, I think this pair is now on pullback mode, after major support breakout, and projection of D point is just in resistance zone.
SGDJPYADDING A BONUS ANALYSIS.
SGDJPY.
MONTHLY CONFIRMED LOWER LOW
LOOKING FOR HIGHER PRICES TO SHORT.
PLACES TO SHORT WILL BE BETWEEN 61.8% TO 88.6%
DEPENDING ON PRICE ACTION.
LONG TERM TRADE.
PATIENCE IS KEY.
SIMPLE PRICE ACTION TRADE.
D1
