JPYSGD trade ideas
SGDJPY 1d sell the retestAlarm went off on this one.
- Price reacted above 81.50, 82.00.
- Price recently broke 81.00 support area.
- Now retesting as resistance, retesting fast MA.
Gartley Pattern Let's see if we can make some pips earlier in this week.This Gartley appears in this tf but if you see in the Daily chart this pair is in a support level , if the price hits target one ,then i close the half of the position, adjust the stop loss to break even and then we can wait without stress to see if price hits target 2 .
SGD/JPY 1H Chart: Channel DownFollowing a five-week appreciation against the Japanese Yen that resulted in the formation of a rising wedge, the Singapore Dollar breached the given pattern to the downside. Consequently, the last wave downwards formed a short-term channel down in which the rate has been trading since. From theoretical point of view, the Singapore Dollar should make a retracement from the bottom wedge boundary prior to edging lower. This level intersects with the 200-hour SMA circa 81.90 and the upper channel line that is likely to function as a reversal point. From the downside, the pair is supported by the 100– and 55-hour SMAs at 81.72 and 81.62, accordingly. However, it is expected that the Singapore Dollar surpasses these levels and tries to test the bottom channel boundary in the 81.20/80.90 area.
Elliot wave and cci divergence.... bearish moveSingapor dollar wil start maybe today or tomorrow... a bearish move
SGDJPY: Fall coming soonWe had an impulse on H4 TF, now looking for the current flag formation to be completed to enter the market.
You shall not pass the 74 !!!!!Consolidation in a wedge. If the price break this figure, the theoric target is 88.
Good Start Of Month!!This Gartley Pattern is a nice trade , this month i going to follow straight my plan so let's see
Bullish White Swan after breaking trend line- A bullish White Swan is formed
- We had a break of the daily trend line showing confluence to the bullish side.
SGDJPY. BULLISH AB=CD PATTERNHere we have a beautiful high probability bullish setup
A nice bullish AB=CD pattern
Potential Major price rejection at 79.942
Potential target 1 at the 38.2 FIB at 80.450
Potential target 2 at the Minor price at 81.000
Trade safely guys !
(For me, trade will be taken if price goes outside the Bollinger bands & RSI overbought/sold)
