Reversal both at weekly and monthly Camarilla S3. Wyckoff bullish accumulation pattern. Bullish engulfing on daily (forming). Bullish pinbar on weekly (forming). RSI turned from oversold on 4 hrs.
The price is under Key Level 1.3950 at the time. If you looking for Sell with this instrument i show you the best place for entry, it's better to wait for pullback to Key Level for better risk/reward ratio. Write your comments and questions here in comments! No need to write them in PM. Thanks for your support!
CHFSGD looking beautiful, price broke strong key area and retested it. We'll enter a buy with a stop loss of 60 pips compared to a take profit of 240 pips. CHFSGD SELL start: 1.39128 stop-loss: 1.39723 take profit: 1.36732
I am long on this thing...tight stop, 10 pips below monthly middle pivot (MR1) which is at 1.40729
Pattern: Channel Down on 4H. Signal: Bearish long term as the price was rejected within the 1M Resistance Zone. Target: 1.3700 (contact with the 1D MA200).
CHF/SGD, Daily chart: 2 years long resistance zone + Inside Bar + Overbought on RSI(14) + Side of Bollinger bands (20,2)
Pattern: Resistance rejection on 1W. Signal: Bearish if the 1D Support breaks. Target: 1.3450 (risk seekers can extend as far as the 1W Support).
Pattern: Emerging bullish channel on 1D. Signal: Bullish as the price rebounded on the 1W Support and broke the 1D Resistance to start a new medium term uptrend. Target: 1.4200 (just below the 1W Resistance Zone).
Prices on the CHF/SGD broke out of a interim downtrend on the daily chart, and we can anticipate further upwards movement. Price could find support on the 1.3650 if it forms a correctional structure in the form of a bear flag pattern, and then continue higher. Proper risk management is key especially when trading exotic currencies since there are huge margin...
This little setup caught my eye. I personally wont trade this pair, as i dont trade exotics... Thought i would just share if anyone else out there had a bearish view on this pair. This isnt intended as a signal, just an idea. Thank you.
Tested the support in the 1.3435 area and broke the previous maximum. The direction is upward towards the target in area 1.39. Here too I see the appreciation of the Swiss franc well this time against the Singapore dollar. The Heikin Ashi spark plugs are confirming me both in the daily and in the weekly a trend reversal and a start of a new bullish phase.
SGD/CHF is not holding strong and broke under the 50 EMA on the daily timeframe. MACD daily has also crossed the zero line and we have convergence down. AS the pair goes down, we will see how strong the bearish move is and wheter we can keep holding to the next TPs. First TP: 0.7153 Second TP: 0.7105 Third TP: 0.7055 You must leave enough space for your SL....
Downside risks have dominated the CHF/SGD currency pair since the end of September, and the pair breached a medium-term ascending channel north at the middle of October. As apparent on the chart, the pair is being pressured by the 55-, 100– and 200-period SMAs on the 4H time frame. It is expected the pair continues to decline. An important support level to look...
CHF/SGD is weak and we can expect it to continue it's bearish trend further below on the long term this next few weeks *as long as the 50 EMA holds as resistance on the daily timeframe. It may make some pullbacks up but it is nothing to worry about as long as it never finds support. The reasonw why I leave my SL higher than the 50 EMA just in case. This is a...