Trading suggestion: . There is a possibility of temporary retracement to suggested support line (75.00). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . SGDJPY is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (75.00). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . SGDJPY is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
buy when 30 minute close above 75.4 very good broke the resistance with good volume and looks good to move from here.
SGDJPY 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
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
📌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...
Breakdown 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...
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...
SGDJPY started going into down channel after finished the pullback
First time back to FTR supply zone, looking for shorts
ENTRY: 77.300 TP: 76.800 TP2: 76.400 TP3: 76.000 SL: 77.900 Chart time frame - 1D Time for reaching TP - 1-2D Follow, Like, Share or Comment Thanks on supporting! All best!
1. W1 shows a somewhat sideway trend with a minor downtrend forming 2. D1 shows that it is currently in the demand zone 3. Wait for colour confirmation then enter a long trade 4. Take profit at 80pips with stop loss at 40pips
The price approaching Resistance Level 82.883. The best place to Sell will be under that level. Potential profit will be in 3...5 times bigger than risk. Push like if you think this is a useful idea! Before to trade my ideas make your own analysis. Write your comments and questions here! Thanks for your support!
SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY SMP Strategy Chart time frame - H4 Timeframe - 2-3 Days A – Activating Event Market will meet resistance in zone @ Current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market will move towards the first Target 1 level @ 80.00 C -...