SGD/JPY
Short
Updated

SGDJPY: Fall coming soon

81
We had an impulse on H4 TF, now looking for the current flag formation to be completed to enter the market.
Note
Here is the 15m TF chart.
snapshot
Note
Price dropped from where I was looking to sell. Now look for a continuation pattern to add more to this trade. Here is the update.
snapshot
Note
Price is falling nicely so far after forming that flag.
snapshot
Note
This pair has been doing exactly as I was anticipating it. Now watch the price action at the top of that triangle for continuation to downside.
snapshot
Note
So far so good.
snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.