The Singapore Dollar has been appreciating against the Japanese Yen for the past few weeks. The pair breached a senior channel late in March and has since reached the upper boundary of a shorter-term descending channel. If looking from a longer perspective, this pattern resembles a range in which the rate has been bounded since early February. The Singapore...
STOP LOSS : 81.953 TAKE PROFIT : 77.201 Risk-reward : ~4x Longer term trend: Bearish Current trend: Bearish General comments: Price hit the 61.8% of the bearish move when price was trending in a rising channel. Price quickly broke the support of the channel and surpassed the 81.45 support area. Price is now retesting the same area as resistance, with a...
SGDJPY tested Weekly demand, proved there are unfilled long orders left on the table. Limit order triggered 6 hours ago. Just posting this now for post analysis and progress tracking. Going for only 3R target. If you are applying Supply & Demand methodology in your trading plan, or mere interest, Be sure to follow me on Tradingview and share your views.
The Singapore Dollar is moving lower against the Japanese Yen in a channel down. This movement south began on February 2 when the pair bounced off the upper boundary of a more senior channel down. The rate has failed to breach the combined support of the weekly S1 and the 38.20% Fibo retracement at 80.83, thus diminishing its trading range within the junior...
Rising channel since April-2017 till beg-2018. STOP LOSS : 84.367 TAKE PROFIT : 77.189 Risk-reward : 1.35 Longer term trend: Bearish Current trend: Bullish General comments: A bearish break of a rising channel, indicates a further bearish movement ahead. What I like: 1) the major support/resistance area exists near the 50% retracement of the huge...
The dominant long-term pattern which as confined SGD/JPY since mid-2016 is an ascending wedge. This long-term pattern is mentioned because the rate bounced of its lower boundary on Tuesday. Thus, the Singapore Dollar’s attempt to reach the bottom line of a five-week channel was stopped near 82.60. The rate has since edged slightly higher during the previous...
SGD/JPY was trading in a channel up for two months prior to breaching this pattern to the downside. The pair subsequently fell down to 83.40 and has since remained slightly above this mark. The current movement sideways suggests that a surge might be due in the nearest time. This assumption could be confirmed if the Singapore Dollar fails to breach the combined...
A pattern that has dominated the SGD/JPY currency pair since late April is an ascending wedge. It seems that the maturity of this pattern could be reached within the following weeks, thus pointing to a possible breakout south. In the short term, the Singapore Dollar bounced off the upper wedge boundary early in November and has since edged lower; thus, another...
The pair’s movement has been guided by several patterns, the most eminent of which are a long-term ascending wedge (valid since mid-2016) and two shorter-term patterns—a channel up and descending wedge. The Singapore Dollar bounced off the upper line of all three patterns on October 25 when it found the resistance of the weekly R1 at 83.74 and is now weakening...
Let's see if we can make some pips earlier in this week.This Gartley appears in this tf but if you see in the Daily chart this pair is in a support level , if the price hits target one ,then i close the half of the position, adjust the stop loss to break even and then we can wait without stress to see if price hits target 2 .
We had an impulse on H4 TF, now looking for the current flag formation to be completed to enter the market.
Consolidation in a wedge. If the price break this figure, the theoric target is 88.
Here we have a beautiful high probability bullish setup A nice bullish AB=CD pattern Potential Major price rejection at 79.942 Potential target 1 at the 38.2 FIB at 80.450 Potential target 2 at the Minor price at 81.000 Trade safely guys ! (For me, trade will be taken if price goes outside the Bollinger bands & RSI overbought/sold)
Here we have a 2 beautiful high probability bullish setup A nice bullish Bat pattern (blue) Potential Minor price rejection at 78.818 Potential target 1 above the Major price at 80.146 And a nice bullish Crab pattern (red) Potential Larger price rejection at 77.359 Potential targer 1 above the Minor price at 79.251 Trade safely guys ! (For me, trade will be...