SgdJpyOANDA:SGDJPY
As is with EurJpy, i will be looking for sell signals on the daily or H4 time frame.
SGDJPY trade ideas
SgdJpy shortSGDJPY
A retrace to 81.5 will be expected. Here i will be watching for sell signals with take profit being recent swing low.
SGD/JPY trading IdeaSGD/JPY is moving to 4 - months low.
I will open buy if the price will make a fake break of key buy level 79.50. Big players respect such levels because under it many traders hider their stops.
Open Buy near: 79.50
S/L: 30 – 40 pips under entry point.
T/P1: 82.70
T/P2: 84.10
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.
FIB Retracement Percentage is calculated in a Higher Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
SGD/JPY 1H Chart: Pair restricted by 82.80The Singapore Dollar has been gradually appreciating against the Japanese Yen since it bounced off the senior channel circa 79.75 mid-March. The latest wave up in this junior pattern began on May 29.
The pair should have tested its upper boundary today; however, the strong resistance by the monthly R1 at 82.80 has halted any attempts to reach the given channel this week. This might point to a change in sentiment, thus resulting in a fall within the following session.
If the 55-period (4H), 100– and 200-hour SMAs and the 38.20% Fibo retracement are breached near 82.40, the Singapore Dollar is most likely to decline and target either the 100– and 200-period (4H) SMAs or the monthly PP at 82.00 and 81.50, respectively.
Conversely, the rate moving above 82.80 should be followed by a slight surge until 83.50 prior to making a bearish reversal.
Where I want to sell SGDJPYIf price moves to the 83.00 area, then I'll be looking for bear candles to post on the daily time frame. If I get bear candles posting on the daily time frame, then I'll move to the 1H chart to place sell limit orders at previous market levels.
Buying SGDJPY around 77.00If price moves to the 77.00 area, then I'll be looking to buy this pair. If this happens, then I'll be watching for bull candles to be posted on the daily time frame. Once I see a bull candle, then I'll move to the 1H time frame where I'll place buy limit orders at previous market levels.
38.2% Retracement SHORT GWAVE38.2% Retracement SHORT GWAVE.
FIB Retracement Percentage is calculated in a Higher Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANK
SGD/JPY 1H Chart: Singapore Dollar bullishThe SGD/JPY exchange rate is moving in an eight month descending channel. The pair tested its bottom boundary near 79.60 late in March prior to reversing its sentiment and reaching the other boundary last week. Strong upside risks prevailed in the market on May, thus sending the pair 1.5% lower within a couple of hours.
As a result of this plunge, the Singapore Dollar breached a two-month trend-line at 82.00 and has since fallen even lower.
Technical indicators demonstrate that the pair might still move slightly lower until 80.00 in the short term, but it should pick up momentum within the following week and begin a medium-term appreciation. The pair faces a strong resistance level formed by the monthly and weekly PPs and the 200-hour SMA at 82.00.
The Singapore Dollar is likely to hinder near this area for a while, but it should afterwards pick up momentum and target 85.00.
28/5-1/6 SGDJPY AnalysisTake note of Kuroda on Wednesday, Trump-Kim updates.
At minor support level.
Target fib levels.
61.8% Retracement LONG GWAVE61.8% Retracement LONG GWAVE
FIB Retracement Percentage is calculated in Higher Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
Sell SgdjpyEnter on break and hold below 81.27
SL will be above 4hr candle once support breaks
1st Target 79.75
Double Top bearish pattern being played outThis is late, nonetheless, Sell now and hold until it breaks the lowest low or it would further continue the bearish movement. Cheers!
38.2% Retracement SHORT GWAVE38.2% Retracement SHORT GWAVE.
FIB Retracement Percentage is calculated in Higher Dimension.
PLEASE WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS.
$SGDJPY, testing for selling $SGDJPY, may be time for bearish turning point, but must break 82.65 support. then 82.55. I shouldn't back to lower then 4hrs chart for direction analysis. but, My eyes just can't let it here drop without me getting wet.. I want to take 30 mins risk here for short positions.
21/5-25/5 SGDJPY AnalysisUS-China Trade tensions relieved
Looking for Higher Lows and 50MA following to reconfirm longs to 83.
Bullish Bias.
SGDJPY possible for shorting SGDJPY is mostly possible for bearish in longer run. Then YEN cross biases are mix.
SGDJPY - Bouncing between Price Quarters - Look for SELLPrice Quarter Theory.
This pair seems to be playing by the book, and price must stall around 82.50 for this play to be valid.
Have been moving from 77.50 - 80.00 - 82.50 - 85.00 (250pip range hence price quarter, of a major 1,000pip range).
I'll be looking for a sell in the next day / couple of days.
