SGDJPY trade ideas
Awaiting pivot on SGDJPYWe have seen strengthening in price action and momentum with this one. I am simply waiting for a confirmation here. Call me pedantic and cry me a river.
How SGDJPY will trade in the futureThis is a forecast, as it develops i will update the charts in case of any adjustment. Thank you for your support.
Is SGDJPY Giving Us A Short Set Up?I already have a long term view on this in the related ideas already, so this is just an update. Its a short term sell which will eventually become a long term trade. This structure once broken, drops like a rocket. Thank you for the support.
SGDJPY Sell SetupHello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: SGDJPY is sitting around the upper brown trendline so we will be looking for sell setups on lower timeframes.
on M30: SGDJPY is forming a channel pattern in red so we are waiting for a new swing to form around it to consider it objective/valid.
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish and can still break above the brown trendline to test the 79.0 green resistance before going down.
As price approaches our lower blue support and lower brown trendline, we will be looking for buy setups.
Good luck!
SGDJPY continue consolidatingIf SGDJPY will start growing, we can open long position. Our first target is 80.50 and second target is 85.30 and last one is 91.50 good luck
RectangleRectangles and horizontal tchannels and can break either way..similar to a symmetrical triangle in that respect..it is most often a continuation pattern..
Targets for a break to the upside and to the downside are listed..
Mid rectangle (MR) can be a possible stop either way
Not a recommendation
SGDJPY video top-down AnalysisHello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for SGDJPY, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
SGDJPY LONG on DailyEntry @ 77.35
SL @ 77.00 (35 pips)
TP @ 77.80 (35 pips)
RR = 2.1
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Early TP: 77.70 (RR = 1)
Sgd/JPY a whole lotta room for down pressure.Opened in Asian session. I see this currency pair and others weakening against JPY . Riding this one down to highlighted zone. No guessing here , just looking at what the technicals are telling me. Will tp if situation reverses. Enjoy your trading !
Thanks for viewing ! This is not financial advice please consider your own Due Diligence and Risk Management.
SGDJPY for longSGDJPY this market I was on a short for the run down and now am adding more to my long positions for the run up come join in if you see it.
SGD JPY BUY (SINGAPORE DOLLAR - JAPANESE YEN)Hi there. Price is forming a continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.
SGDJPY is likely to rise to 78.800 -weekly chart no interferenceSGDJPY is likely to rise to 78.800 as the trend stops on the weekly chart.
SGDJPYI might regret this, but I'm not taking this entry. Initial reaction was that we had broken down from the TL and was resting. But looking at other pairs and the 5m detail, i'm not sure if bulls have stepped in here to run it higher. Most other JPY pairs are showing bullishness right now due to yen weakness, but SGD is holding steady. Still if we were to enter and be stopped out I'd be really upset given we had reservations before entering.
Conversely if this does break down and go to target it will be tough not generating some nice profit.
I'm cautious though after the missed USDCAD trade earlier that would have worked out great, that we're chasing something right now....don't want to make an emotional play, so for better or worse, we're on the bench right now!
