ADDING A BONUS ANALYSIS.
SGDJPY.
MONTHLY CONFIRMED LOWER LOW
LOOKING FOR HIGHER PRICES TO SHORT.
PLACES TO SHORT WILL BE BETWEEN 61.8% TO 88.6%
DEPENDING ON PRICE ACTION.
LONG TERM TRADE.
PATIENCE IS KEY.
SIMPLE PRICE ACTION TRADE.
D1
upside potential is low...........
it seems corrections has received to end..........
its 4th touch to trend line that show line is so fragile ......
high- risk persons can enter to sell position after break out of trend line and conservative people as me after breakout of dotted line
Under a fundamental view, SGD should be supported be less dowish MAS and a slight recover in the economic indicators in all the Asian region.
Technically it seems a good risk/reward to test if it's a triple top
Enter at a market or limit sell at 86.27 t/p 83.60-83.30, S/L 86.84
A Little Bit late predicted SGDJPY but still a reversal looking good i am in @ price shown with take profit and stop loss levels mentioned on chart
short can be taken when it hits stop loss and reverse your position there with atleast 500 pips downward momentum then expected
Looking to buy this pair on Monday, it looks like the uptrend will resume its reletless pace soon.
I don't want to miss the opportunity this time around.
Will publish a setup when one materializes.
Good luck!
Ivan.
R/R (Risk/Reward) 1/6
I am short with take profits @ flag as rejection forms in down trend with breakout possibility as well.
If price reached 84.960 and candle closes above 84.960 then i am gonna be out.
important thing to remember that do not be out of market on spike towards 84.960 wait for candle to close above that price to close your order.
1st condition
If this candle rejects from upper trendline
with closing below the upper trendline
i am short and wait for lower trendline
to break for take profit levels otherwise
if this not happens i will do nothing here
2nd condition
If this candle or next candle closes above the upper trendline then i am long with take profits@ 90.740
upper trendline is acting as major resitance anything below this is short if a breakout happens with candle close above the trendline without market moving below the lower trendline drawn then i am long
Stop loss@ lower trendline low
