SgdJpy LongOANDA:SGDJPY Entry: 81.55 Stop loss: 81.15 Take profit: 82.85Longby KKN_Investment_LimitedUpdated 2
Potential weakness in SGD as CNY weakens, stronger JPY on riskFundamentally, as trade tensions worsen, SGD should weaken in tandem with CNY while risk aversion will cause JPY to strengthen. On the charts, SGD/JPY is trying to break below the Ichimoku clouds. Keep an eye on this as it could develop into a strong bear trend on the weekly chart.Shortby TrackRecordTrading1
SGDJPY ranging?Have observed SGDJPY for quite some time now. Seems to me that this pair is ranging + we are at a resistance zone. It might be a good idea to take a short trade here.Shortby LazorSoonUpdated 3
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE38.2% & POSSIBLE 61.8% Retracement LONG GWAVE. POSSIBLE E7 GWAVE Euclidean Structure. FIB Retracement Percentage is calculated in a Higher Euclidean Dimension. PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKSLongby GWAVEUpdated 2
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE. Having completed a E7 GWAVE Euclidean Structure. I am now looking for an E8/E9 Structure. An E9 GWAVE Euclidean Structure has significant consequences on the instrument in question ( and it's related/connected instruments eg other FX pairs, Indices, Interest Rates etc ) !!! These consequences are far beyond the scope of this OPEN platform. As always ....... FIB Retracement Percentage is calculated in a Higher Euclidean Dimension. PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKSShortby GWAVEUpdated 115
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE38.2% & POSSIBLE 61.8% Retracement LONG GWAVE. POSSIBLE E7 GWAVE Euclidean Structure. FIB Retracement Percentage is calculated in a Higher Euclidean Dimension. PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKSLongby GWAVEUpdated 112
SGDJPY Short: A change of Original IdeaThis was my recent projection for SGDJPY: I had thought that it could go to 83. However, I would like to change my idea now and I'll tell you why. Firstly, the new Big Picture (4 hourly): I think I may need to explain why I count my waves this way. So let's start from the first corrective up wave W-X-Y in green. Previously I had labelled it as 1-2-3-4-5, even though that was clearly wrong because of the overlap between wave 4 and wave 1. What you are seeing as W is actually a 5-3-5 with the last "5" as an ending diagonal. X is an expanded flat and Y is well, a 5 waves up. The next X is quite clear as a 3-waves and the Z is also clear as a 5. Next we talk about the Fibonacci extension for the 1-2-3-4-5 after Z. Why did I do this? The main reason is because the Fibonacci Extension Tool only goes up to 4.236x. I need to know if there is a Fibonacci relationship between wave 1 and the entire wave structure. Thus, after measuring wave 1, I extend the wave from the bottom of wave 1. It matches exactly, giving me the confidence that the entire down trend belongs to a single wave of a higher degree. Next, we talk about the corrective wave W-X-Y. I had wanted to classify it as A-B-C-D-E originally. But that will be looking at the tree and missing the forest. Put it simply, if the next wave down of a higher degree is supposed to be huge and a continuation of a wave of a 2-higher degree (continuation of the first 1-2-3-4-5 in blue on the left most of the screen), then we cannot label the last corrective structure as a potential triangle because we are expecting a wave 3 instead of a wave C. For the uninitiated, a 3-3-3-3-3 triangle in Elliott Wave context is always the last corrective move before a final impulse move, thus it can only appear in wave B, X, or 4. Now that the reasons on how I labelled the waves are out of the way, it should be clear that SGDJPY is now a short. Add to the fact that the current price level is actually a Support and Resistance Zone for this cross (see the number of turning points in the purple shaded box). More recent times, it actually turned the currency pair thrice (counting this time). The risk-reward on shorting this pair should now be clear. Place your stop above the resistance zone.Shortby sngyuchao4
Short SDG/JPY - But spread can be trouble on this oneBased on Rejection candle off Support / Resistance. As always DYOR , Don't trade if you cant afford to lose , never trade more that 1.5% of your potShortby FOREXSAKEUpdated 0
SgdJpyOANDA:SGDJPY As is with EurJpy, i will be looking for sell signals on the daily or H4 time frame. Shortby kioi254Updated 1
SgdJpy shortSGDJPY A retrace to 81.5 will be expected. Here i will be watching for sell signals with take profit being recent swing low. Shortby kioi2541
SGD/JPY trading IdeaSGD/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 Longby Yuriy_Bishko114
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE. FIB Retracement Percentage is calculated in a Higher Euclidean Dimension. PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKSShortby GWAVEUpdated 5
SGD/JPY 1H Chart: Pair restricted by 82.80The Singapore Dollar has been gradually appreciating against the Japanese Yen since it bounced off the senior channel circa 79.75 mid-March. The latest wave up in this junior pattern began on May 29. The pair should have tested its upper boundary today; however, the strong resistance by the monthly R1 at 82.80 has halted any attempts to reach the given channel this week. This might point to a change in sentiment, thus resulting in a fall within the following session. If the 55-period (4H), 100– and 200-hour SMAs and the 38.20% Fibo retracement are breached near 82.40, the Singapore Dollar is most likely to decline and target either the 100– and 200-period (4H) SMAs or the monthly PP at 82.00 and 81.50, respectively. Conversely, the rate moving above 82.80 should be followed by a slight surge until 83.50 prior to making a bearish reversal. by UnknownUnicorn8906901
Where I want to sell SGDJPYIf price moves to the 83.00 area, then I'll be looking for bear candles to post on the daily time frame. If I get bear candles posting on the daily time frame, then I'll move to the 1H chart to place sell limit orders at previous market levels. Shortby BACapitalManagement1
Buying SGDJPY around 77.00If price moves to the 77.00 area, then I'll be looking to buy this pair. If this happens, then I'll be watching for bull candles to be posted on the daily time frame. Once I see a bull candle, then I'll move to the 1H time frame where I'll place buy limit orders at previous market levels. Longby BACapitalManagement1
38.2% Retracement SHORT GWAVE38.2% Retracement SHORT GWAVE. FIB Retracement Percentage is calculated in a Higher Euclidean Dimension. PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKShortby GWAVEUpdated 4
SGD/JPY 1H Chart: Singapore Dollar bullishThe SGD/JPY exchange rate is moving in an eight month descending channel. The pair tested its bottom boundary near 79.60 late in March prior to reversing its sentiment and reaching the other boundary last week. Strong upside risks prevailed in the market on May, thus sending the pair 1.5% lower within a couple of hours. As a result of this plunge, the Singapore Dollar breached a two-month trend-line at 82.00 and has since fallen even lower. Technical indicators demonstrate that the pair might still move slightly lower until 80.00 in the short term, but it should pick up momentum within the following week and begin a medium-term appreciation. The pair faces a strong resistance level formed by the monthly and weekly PPs and the 200-hour SMA at 82.00. The Singapore Dollar is likely to hinder near this area for a while, but it should afterwards pick up momentum and target 85.00. by UnknownUnicorn8906901
28/5-1/6 SGDJPY AnalysisTake note of Kuroda on Wednesday, Trump-Kim updates. At minor support level. Target fib levels.by SeanyTan2
61.8% Retracement LONG GWAVE61.8% Retracement LONG GWAVE FIB Retracement Percentage is calculated in Higher Dimension. PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKSLongby GWAVEUpdated 3