SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe 1-4 Days Actions on - A – Activating Event Market will meet resistance in zone @82.800 - .... and fall to the 81.200. In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 81.200 OANDA:SGDJPY...
SGDJPY Forex Cross Pairs dropping with new supply levels imbalances being created. Weekly supply level around 82.27 has gained control, price is reacting to it creating weekly bearish engulfing patterns and new daily supply level around 82.48. That last daily supply imbalance has taken control a few days ago and had price drop very sharply from it. New supply...
Price near key level 81.47 - Downtrend - Price bounced from mirror level
Basic price action and resistance levels give us this opportunity. Can then long if the short is successful. Not financial advice.
AS long as the current candle doesn't close above 82~82.10 then the move down is valid.
CHECK THIS SET UP OUT. LOOKING GOOD SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
SGD/JPY has broken its 50 EMA on the 4H chart. As long as it hold as resistance, we can see SGD/JPY to drop further more. Trade safe.
I think this one will break to the downside, but there is more room to run on the top side. Trade the breaks.
STOP LOSS : 81.953 TAKE PROFIT : 77.201 Risk-reward : ~4x Longer term trend: Bearish Current trend: Bearish General comments: Price hit the 61.8% of the bearish move when price was trending in a rising channel. Price quickly broke the support of the channel and surpassed the 81.45 support area. Price is now retesting the same area as resistance, with a...
Rising channel since April-2017 till beg-2018. STOP LOSS : 84.367 TAKE PROFIT : 77.189 Risk-reward : 1.35 Longer term trend: Bearish Current trend: Bullish General comments: A bearish break of a rising channel, indicates a further bearish movement ahead. What I like: 1) the major support/resistance area exists near the 50% retracement of the huge...
SGD/JPY - Short with Daily outside bar
We had an impulse on H4 TF, now looking for the current flag formation to be completed to enter the market.
OANDA:SGDJPY Safe Trades;
FX_IDC:SGDJPY FX_IDC:SGDJPY Safe Trades;