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Long term bias is still bullish

Ucef Posted 31 Mar as Analysis on SGD/JPY, Target: 81.74, Date: 1 di Maggio, 12:00 GMT  in #Technical analysis #Harmonic Trading #SGD/JPY #Bullish Bias #Fibonacci Level #Channel Breakout
Daily Vision

The pair was indecisive last week formed a Doji on weekly chart. The bias is neutral in nearest term but as long as stays above support area.
I still prefer a bullish intraday scenario at this phase targeting 81.74.
Immediate resistance is seen around daily close. A clear break and daily close above that area could trigger further bullish pressure testing some resistance areas. While an immediate support is seen around weekly close.
A clear break below that area could trigger …
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Bearish harmonic pattern

Ucef Posted 29 Feb as Analysis on SGD/JPY, Target: 76.96, Date: 1 di Aprile, 12:00 GMT  in #Technical analysis #Harmonic Trading #SGD/JPY #Fibonacci Levels #Bearish Trend #Channel Down
Daily Vision
The pair trend is bearish in daily time frame. Vital resistance is present at weekly close. In past few trading days, price has completed possible bearish impulse Wave-A and moved up.
Based on Elliott wave analysis, I now expect price action to print bullish Wave B. The trend is bearish and a good idea is to look for a sell trading chance to join the down trend after the end of bullish Wave B leg in current time frame or smaller time frame targeting 76.96.
However, if bullish can…
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Ucef 31 Mar

Update: The pair had a bullish momentum last week after a failure to make a clear break below a support line as you can see on my daily chart below, topped a resistance line and hit a new daily high earlier today.
The bias remains bullish in nearest term testing some resistance areas, which is a good place to sell with a tight stop loss as a clear break and daily close above the daily open could trigger further bullish scenario testing new highs.
Immediate support is seen around the weakly open. A clear break below that area could lead price to neutral zone in nearest term.

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