A lower degree abc is completed which is the B wave of a higher degree ABC. After the completion of the ABC corrective structure we expect the next impulse up. I will keep updating this chart if necessary. Comment, like follow for more accurate ideas. Thank you.
We 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.
This is a forecast, as it develops i will update the charts in case of any adjustment. Thank you for your support.
Entry @ 77.35 SL @ 77.00 (35 pips) TP @ 77.80 (35 pips) RR = 2.1 ------ Early TP: 77.70 (RR = 1)
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 short opportunity right at resistance with confluence
SGDJPY is likely to rise to 78.800 as the trend stops on the weekly chart.
Just waiting for buyers to show interest.
The Preliminary Japanese GDP for the second quarter decreased by 7.8% quarterly and by 27.8% annualized. Economists predicted a lower of seven.6% and 27.2% annualized. Foreign exchange merchants can evaluate this to the Japanese GDP for the primary quarter, which decreased by 0.6% quarterly and by 2.2% annualized. Preliminary Personal Consumption for the second...
Pattern: Bearish Megaphone since early 2018. Signal: Bearish as the price hit the 1D MA200 and that has been a 2 year Sell Signal except for once. Target 75.000. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
1. 8 Ema has crossed over 21 ema 2. Price action has broke the 50 EMA 3. TDI showing some bearish signals on the RSI 4. Trendline broken 5. If you switch to 4 hour chart you are able to see that price action shows some rejection of major structure. 6. Divergence on both 1 HR and 4HR chart. More prominent on 1HR chart. 7. Breaks Asian Range **RR could be...
SGDJPY has been trading in a trading range between 74.5 and 76 since mid-April. It looks like it has created a massive inverse head and shoulders inside the range that completed last Friday. The target of the head and shoulder is around 78 but there are few resistant zones along the way that might pause or stop the price from reaching the price target. Those...
Price in downtrend and below weekly pivot range. For educational purposes only. Top Absolute Correlation 1 hr 1 SGDJPY - SEKJPY 88.6% 2 SGDJPY - NOKJPY 88.3% 3 SGDJPY - AUDJPY 86.2% 4 SGDJPY - JPYX -84.5% 5 SGDJPY - NZDJPY 83.0% 6 SGDJPY - USDSEK -81.0% 7 SGDJPY - AUDCHF 80.0% 8 SGDJPY - EURSEK -78.8% 9 SGDJPY - ZARJPY 78.4% 10 SGDJPY - USDCAD -78.3%
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!!!!