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 trade ideas
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.
SGDJPY, The best place to Sell...The price approaching Resistance Level 82.883.
The best place to Sell will be under that level.
Potential profit will be in 3...5 times bigger than risk.
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Possible SGD/JPY short Position!!SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
SMP Strategy
Chart time frame - H4
Timeframe - 2-3 Days
A – Activating Event
Market will meet resistance in zone @ Current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 80.00
C - Fundamentals that may affect the pair
N/A
D - Trade Management
Entered @ .....
Stop Loss @ .....
Trailing Stop Loss@.....
Target 1 @ 80.00
Target 2 @ ....
Risk/Reward @ 3.5.1
Happy trading :)
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!
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
WAVE 3 OF WAVE C OF WAVE B WAVE 3 OF WAVE C OF WAVE B
TECHNICAL SL AND A REDUCED SL, WITH LESS RISK BUT WITH GOOD CHANCE OF NOT BEING TOUCHED. TAKING THE GUIDELINES OF THE TRIDENTS : IF AT THE BEGINNING OF A TRIDENT OF ONE HARMONIC (GARLEY IN THIS CASE) A 5-WAVE IMPULSE BEGINS, THE PRICE HAS 80% CHANCE OF REACHING THE CENTER LINE (DOTTED RED) AND NOT BREAKING THE SIDE LINES.
ONDA 3 DE LA ONDA C DE LA ONDA B
SI EL PRECIO TOCA LA LINEA LATERAL DE TRIDENTE , PROBABLEMENTE TOME OTRA ENTRADA.
SL TECNICO Y UN SL REDUCIDO , CON MENOS RIESGO PERO CON BUENAS PROBABILIDADES DE NO SER TOCADO . TOMANDO LAS GUIAS DE LOS TRIDENTES : SI AL INICIO DE UN TRIDENTE DE UN DE UN ARMONICO (GARLEY EN ESTE CASO) EMPIEZA UN IMPULSO DE 5 ONDAS , EL PRECIO TIENE 80% DE PROBABILIDADES DE LLEGAR A LA LINEA DEL CENTRO (ROJA) Y NO ROMPER LAS LINEAS LATERALES DEL TRIDENTE .
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 sellsFundamentals:
Recent JPY strength
Technicals:
Downside breakout-retest on D1, with a bearish gartley.
Fibonacci 50% and resistance is being met.
What can cause this trade to fail?
JPY may implement further measures to ease their economy and devalue their currency.
JPY depreciation will cause SGDJPY to rise.
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
Breakout Test?The green shaded area is the Monthly tenkan area which was broken in the 1st half of October,it was also the weekly Kijun back then. This breakout was never tested and we know if price is to really go further it needs impetus from a breakout test. Our trade is this breakout test. So we take this trade on the daily after having broken the daily tenkan to the downside and tested it, this daily tenkan test on 18 November created what looks like a lower high for now, which is good confluence for our short. The Kijun is still below tenkan on the daily (normally we want the opposite for a short) but we will take the trade anyway because on weekly we have a flat tenkan,indicating loss of momentum for the upside.
Entry: 79.85
SL: 80.368 ( slightly above our lower high)
TP: 78.975 (weekly and monthly tenkan zones)
NB: Manage your risk so you can trade another day!!
Sgd/Jpy possible cypher c point hereIf weekend gap and the priceaction that follows it respects the current 141 fib extention we could see a cypher pattern in the making.
For better r:r then trading the completion zone i like to trade C point till D point.
This does however require a little bit more confirmation.
For how it looks now my target will be the completion zone of the cypher, stop can be super tight once we get the confirmation on monday, since the idea is "wrong" on a break of 141 fib extention anyways.
Trade safe.
Sgd/Jpyrising wedge from downtrend into fib zone with divergence,
Chart on ctrader = check
sl minimal above the highs.
