SGDJPY LONG; Quantitative Analysis ExplanationCumulative sellers: 10
Quantitative Reversal Power: 9250
This is a quantitative trading approach and these numbers were quantified to a buy in our momentum-reversal quant model.
SGDJPY trade ideas
SGDJPY Bullish buy when 30 minute close above 75.4
very good broke the resistance with good volume and looks good to move from here.
SGDJPY Two Possible ScenariosSGDJPY is currently trading inside this symmetrical triangle (in blue)
waiting for a break either side to buy or sell.
half risk is recommended for the sell since price is sitting at a strong support/demand area.
waiting for a momentum candle close above 76.2 to buy
OR
waiting for a momentum candle close below 75.0 to sell
$SGDJPY short. Short on this pair with SL79.960 and TP 63.241.
Use your own research and use SL or hedge.
SGDJPY ONE MORE DROP AFTER CONSOLIDATION?1. Finally a close outside trendline and triangle
2. Previous 3 times price action has not been able to close outside the trendline.
3. Broke inner shorterm support as well with lower low of candle price action
4. Good risk reward
5. RSI crossed below 50 as well
UptrendRecently touched the support has bee consolidating sideways, possible move to the upside till it touches the resistance. Nice 104 pips to be made. Possible buy opportunity.
SGDJPY technically based forecast
📌Short intro:
I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas
💡 SGDJPY technicaly based idea, we can see price is bounce from bottom trend line, technicaly indicators showing we can expect higher recovery phase, candels foramtion strong bulish, expecting to see push up in price till top trend line.
📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment!
Thanks on supporting!
All best, good luck!
Developing breakdownBreakdown is likely as we got DM breakdown qualifier 1 (prebreakout candle pullback - that green bullish weekly candle, then - the next bearish candle managed to close right on the trendline signifying strong bearish pressure. Current week's candle should be nice bearish breakdown candle).
Intermediate target DM montly pivot. Ca. 53 pips.
Long term target classic monthly S1.
Top Absolute Correlation
1 SGDJPY - CADJPY 90.5%
2 SGDJPY - NZDJPY 87.3%
3 SGDJPY - SEKJPY 86.4%
4 SGDJPY - ZARJPY 85.6%
5 SGDJPY - AUDJPY 85.4%
6 SGDJPY - GBPCHF 84.6%
7 SGDJPY - JPN225 83.2%
8 SGDJPY - USDSGD -82.6%
9 SGDJPY - HK50.n 81.8%
10 SGDJPY - HK50 81.7%
SGDJPY: Buy opportunity within the Bearish Megaphone.The pair is trading within a Bearish Megaphone on the 1W chart (RSI = 36.000, MACD = -0.990, ADX = 37.728) since the January 2018 High. At the moment it is consolidating below the 0.382 Fibonacci retracement level following the Lower Lowe made in early March.
You can see that every Lower High made after a Lower Low, broke the 1W MA200 (orange trend line) and formed a top at least on the 0.618 Fibonacci retracement level from the previous (Lower) High. We are expecting a similar development. You may wait form the MACD bullish cross to confirm the movement. Our Target Zone is 78.500 - 79.500.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
SGDJPY Trading Plan BUY - Riks Reward 1:3 SGDJPY Trading Plan BUY - Riks Reward 1:3
Counter Trend Daily
SGD/JPY H4 Cypher trendfollowingSGD/JPY h4 is showing a cypher pattern in its wedge up. There is also some divergence on the MFI.
I am going to enter long positions as long as it stays in this wedge, sl can be tight because if it breaks out short of the wedge the idea is "wrong" anyway.
Targets are general harmonic targets or the top of the wedge/ major trendline hit.
Trading for @swingfish.trade, Join the Community! Its free!
www.swingfish.trade
Lending/Investment:
www.enfoid.com
Prop trading:
www.enfoid.com
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE38.2% & 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.
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE38.2% & 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.
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE38.2% & 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.
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE38.2% & 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.
