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SINGAPORE DOLLAR / JAPANESE YEN

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SGDJPY trade ideas

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 !! 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
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 .
Education
by temocc
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!!
Short
by taftrader
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.
by btmeerhof
A Great Weekly Forecast and Technical Analysis for SGDJPYMidterm forecast: 78.70 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased. While the RSI uptrend #2 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 77.10 on 10/03/2019, so more gains to resistance(s) 79.75, 80.85, 81.65 and more heights is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index ( RSI ) is 68. Trading suggestion: By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
Long
by ForecastCity
2
A Great Weekly Forecast and Technical Analysis for SGDJPYMidterm forecast: 78.70 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased. While the RSI uptrend #2 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 77.10 on 10/03/2019, so more gains to resistance(s) 79.75, 80.85, 81.65 and more heights is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 65. Trading suggestion: By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
Long
by ForecastCity
8