JPYSGD trade ideas
SGDJPY support level 82.402. Strength (4/5)
Here we have a great trend line pattern that is taking place. we see the candle bounce of support level 82.402 and we plan to enter trade until a retest has been made on the support line as seen in the image with the arrows and we make a trade with shown TP and SL. Other probable scenario is the price level breaks through support level 82.402 and we wait for bounce off bottom trend line and on the close of a low volatile bull candle, place trade with take profit and stop loss.
SGDJPY long intraday/swing trade set-upSGDJPY long intraday/swing trade set-up based on higher time frames trending up, strong green volume on 1D, and pullback into the 50-78.6 optimal entry zone. I will take a long position if we get some consolidation and further bullish momentum at this level. Trading currencies carries a high element of risk where financial loss can be significant. This analysis is not to be construed as financial advice.
Nice short swingnice area to go short on sgdjpy, 82.000 has been holding good, with a lot of pin bars on the daily and 4 hours.
SGDJPY: Higher Low on 1D. Long.The pair is trading within a 1D Channel Up (RSI = 60.868, MACD = 0.230, Highs/Lows = 0.1233, B/BP = 0.4609) and is coming off a strong rebound on a Higher Low last week. This is a strong bullish continuation sign and we are buying this with TP = 82.000.
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SGDJPY Swing Trading OpportunityHi everyone,
SGDJPY has just formed a bearish butterfly harmonic pattern on the 1-hour timeframe with significant confluence as price-action has reached the upper resistance level of SGDJPY's current ascending channel.
The potential reversal zone (PRZ) is comprised of 3 ratios:
4.23 BC projection at 81.813
1.618 XA projection at 81.793
3.14 alternate AB=CD at 81.776.
Stop loss is set at the 2.0 XA projection, or 82.034.
Take profit is set at two levels, management and final.
The management level is the 0.382 AD retracement, or 81.406
The final level is the 0.618 AD retracement, or 81.168
The terminal price bar has just formed, confirming all three ratios.
Price is also trading in an ascending channel that has formed as of the 8th of January, and the terminal price bar has not only confirmed the PRZ of the butterfly pattern but also reached the upper resistance level of the channel, creating a strong indication of a possible reversal downwards to occur.
RSI has also reached overbought territory on the 4-hour, indicating a long term overbought state of the pair.
As always, analyze price action as well for more confluence of a reversal!
Thanks for reading,
Kevin
SGDJPY 15 minute chart Three Drives Pattern.My first three drives pattern but I've included a stop loss and thee target prices.
SGDJPY Short Daily/4-hourThis is a nice bear flag on the daily which retested a weekly resistance trend-line.
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 @80.300 level and move towards the first Target 1 level @ 79.750
FX:EURCAD
Trade Management
Entered @ Still waiting for confirmation.
Stop Loss @ Still waiting for confirmation.
Target 1 @79.750
Risk/Reward @ 2:21
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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Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
SGDJPY, Ready go to the moon ?If I look at the chart, the pattern is an Ascending triangle which means it tends to be bullish, and the RSI indicator is positive, but there is a strong resistance around 83, if it can be broken it is positive bullish, I suggest buying it around 82 or on the green line, Thank you.
Sell SGD/JPYThis is just a journal for me. I strongly warn you to not take this in your real account. Good luck!
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: Two scenarios likelyThe SGD/JPY currency pair has been trying to surpass the resistance level—the Fibonacci 50.00% retracement at the 83.00 mark.
Two scenarios likely. If given resistance level does not hold, it is likely that the exchange rate go upwards to re-test the upper boundary of a long-term ascending channel located circa 83.45. Important level to look out for is the monthly R1 at 83.16.
Otherwise, a reversal south might occur in the nearest future. A potential downside target is the Fibonacci 38.20% retracement at 80.72.
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.
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 !!
Please Follow, Like,Comment & Follow
Thank you for your support :)
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
