CHFSGD has formed a monthly hanging man on the resistance followed by weekly bearish engulfer with a daily head & shoulder and breakout from this daily head & shoulder with bearish engulfer. On the opening of the new trading week, on the retracement, there could be a selling opportunity on the lower timeframe.
CHFSGD on the monthly has formed a hanging man with a lower high. It is a high probability that the price will bounce from the resistance with a lower high or with a false breakout which we could see daily bearish price action on the resistance. If you find value in this idea, press the like button.
Hello everyone, if you like the idea, do not forget to support with a LIKE and FOLLOW for more creation of free analysis. \m/ On the Monthly we are currently in an uptrend. Dropping down on the Weekly the market has just printed out a W formation where its currently testing a strong structure of support where the market has retested this in the past and is...
Weekly chart is showing a flip zone with risk reward 1:3 which is a good one and worth the wait. I will set the price alert and wait for this price. Good luck.
Pattern: Channel Up. Signal: Bullish as the price is near the Higher Low trend-line of the Channel with a bullish MACD. Target: 1.5140 (previous Higher High Resistance) and 1.5930 in extension (only if you want additional long-term risk). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
Hi, This is the only forex pair I trade. Before the pandemic this pair was in a short run for a long term! Then the pandemic came and it went up for peaks. Makes sense, people see security in the Swiss dollar. The world is now familiar with the pandemic, business are evolving, countries are recovering etc. The panic of covid is not going to last long and in...
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).
In CHFSGD We have Found Double Top pattern with bearish pin bar candlestick pattern. Here we have 248 pips Risk and 824 Reward use only 0.01 Lot. this trade is only for risk Taker. Sale : 1.4143 Target : 1.4098 Target : 1.4048 Target : 1.3686 Target : 1.3316 Stop loss: 1.4388 The Pin Bar Pattern (Reversal or Continuation) A pin bar pattern consists of one...
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).