OANDA:SGDJPY Safe Trades;
FX_IDC:SGDJPY Safe Trades; open.spotify.com
FX_IDC:SGDJPY FX_IDC:SGDJPY Safe Trades;
#SGDJPY Long 79.615 TP target 80.480 Sell stop 77.615 #FXExotics #FxMademoiselle
late to the party but the order is open in case we get a pull-back
First swing played out nicely. Let's see if we can pull it of once more... Waiting for a short entry setup. SL 85.62 and TP 77.90 The small bearish rejection candle on H4 is not enough.
The Nikkei is currently in a 10 week decline and hasn't reached its target. Today we observed a sharp retracement thanks to crude oil's short covering spree, and a very dovish Mario Draghi, sending ripples through the global markets. I expect the move to the downside to continue, after the Vix fell for more than 7 points. There are levels of support to be tested...
SGDJPY broke major support line in daily time frame, so support becomes resistance, I think this pair is now on pullback mode, after major support breakout, and projection of D point is just in resistance zone.
Interesting developments in this pair, unlike SGDJPY, seems like the uptrend can resume from here. Price found support at a strong level from the previous uptrend, and came down forming 7 waves, an ABCXABC correction. If we see a move off this consolidation, which is strong enough, I'll try to go long asap. Good luck! Ivan.