Midterm forecast: 78.70 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased. While the RSI uptrend #2 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 77.10 on 10/03/2019, so...
Midterm forecast: 78.70 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased. While the RSI uptrend #2 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 77.10 on 10/03/2019, so...
SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY SMP Strategy Chart time frame - H4 Timeframe - 2-4 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 @ 77.40 ...
Couldn't pass this guys! But I think JPY's time as a "safe haven" currency is over. I'm yet to learn of the underlying fundamentals but there are a lot of pluses in the monthly chart. And they are rare! Since the monthly chart is king, I'll take the cues from the double bar bull reversal pattern clear in the monthly chart and call for SGD LONGs in the daily and...
Seems like a great setup. Price cant get through yearly pivot support2, overextended. Last hour candle was bullish pinbar off yearly s2. RSI is like Xray, helps to detect the decease. AD volume of SGDJPY is in long term bullish uptrend on daily.
SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 4-12 Hours Actions on - A – Activating Event Market will meet resistance in zone @ 79.5 - .... and fall to the 79.15. In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @...
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions, -
I will open buy when the price will break out a range The best entry will be when 1 or 4-hour candle will close above 80.23 as confirmation
SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe 1-4 Days Actions on - A – Activating Event Market will meet resistance in zone @82.800 - .... and fall to the 81.200. In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 81.200 OANDA:SGDJPY...
SGDJPY Forex Cross Pairs dropping with new supply levels imbalances being created. Weekly supply level around 82.27 has gained control, price is reacting to it creating weekly bearish engulfing patterns and new daily supply level around 82.48. That last daily supply imbalance has taken control a few days ago and had price drop very sharply from it. New supply...
Price near key level 81.47 - Downtrend - Price bounced from mirror level
SGDJPY long intraday/swing trade set-up based on higher time frames trending up, strong green volume on 1D, and pullback into the 50-78.6 optimal entry zone. I will take a long position if we get some consolidation and further bullish momentum at this level. Trading currencies carries a high element of risk where financial loss can be significant. This analysis is...
The pair is trading within a 1D Channel Up (RSI = 60.868, MACD = 0.230, Highs/Lows = 0.1233, B/BP = 0.4609) and is coming off a strong rebound on a Higher Low last week. This is a strong bullish continuation sign and we are buying this with TP = 82.000. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1 Day Actions on - A – Activating Event Currency Pair creating a Double Top . B – Beliefs Market will be rejected at @80.300 level and move towards the first Target 1 level @ 79.750 FX:EURCAD Trade Management Entered @ Still waiting for confirmation. Stop Loss @ Still waiting...
The SGD/JPY currency pair has been trying to surpass the resistance level—the Fibonacci 50.00% retracement at the 83.00 mark. Two scenarios likely. If given resistance level does not hold, it is likely that the exchange rate go upwards to re-test the upper boundary of a long-term ascending channel located circa 83.45. Important level to look out for is the...
Basic price action and resistance levels give us this opportunity. Can then long if the short is successful. Not financial advice.
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1 Day Actions on - A – Activating Event Currency Pair creating a Double Top . B – Beliefs Market will be rejected at @82.37 level and move towards the first Target 1 level @ 82.00 level. FOREXCOM:SGDJPY Trade Management Entered @ Still waiting for confirmation. Stop Loss @...
AS long as the current candle doesn't close above 82~82.10 then the move down is valid.