Possible short trade setup being formed. This analysis is based on trend lines , price action, support/resistance zones and sentimental information.
It is a high probable trade with an extremely small risk to high reward ratio.
I'm really looking for the SELL.
If I get stopped out I would be looking to re-enter.
Enjoy!!!!!
From trend line analysis and price action formation SGD/JPY seems to be bullish in the long term. If you feel like taking a medium risk trade take the 1st trade idea.This trade ensures you don't miss out on the setup. If you don't want to risk that much then be patient and see if price goes to the 2nd entry point.
Enjoy!!!!
