SGD/JPY is moving to 4 - months low.
I will open buy if the price will make a fake break of key buy level 79.50. Big players respect such levels because under it many traders hider their stops.
Open Buy near: 79.50
S/L: 30 – 40 pips under entry point.
T/P1: 82.70
T/P2: 84.10
In my last post, I posed the idea that we were forming a new larger triangle. I expected that we'd bounce around a bit between our $50 support level and the top of this new triangle before building up enough energy to break through our previous all time high. This we did! And to my surprise this price action occurred even sooner than anticipated! We are now well...
