SGDCHF trade ideas
💡Don't miss the great sell opportunity in CHFSGDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.4637).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CHFSGD is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 33.
Take Profits:
TP1= @ 1.4596
TP2= @ 1.4558
TP3= @ 1.4528
TP4= @ 1.4496
TP5= @ 1.4464
SL: Break Above R2
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💡Don't miss the great sell opportunity in CHFSGDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.4637).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CHFSGD is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 36.
Take Profits:
TP1= @ 1.4596
TP2= @ 1.4558
TP3= @ 1.4528
TP4= @ 1.4496
TP5= @ 1.4464
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
CHFSGD ANALYSIS AND BUY TRADE IDEAHello 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 currently at the wick of the neckline on the W pattern. If we see the market retest on the structure we can expect a continuation to the upside. We can also see the EMAs is nearly cut for long though MACD is still below 0.
On the 4H timeframe this is where we take our trade. We will base our entry on the structure retest and our take profit is at the fibo of the impulse of the weekly W pattern, our stop loss is below the last low which is also another structure level in ther market
Trade Signal
BUY
Entry: 1.46672
Take Profit: 1.49248
Stop Loss: 1.46055
Good luck!
Trade wisely, please do proper money management.
~FX_SHIFTER
CHF/SGD DAYTRADING! - FOLLOW for daytrading updatesHello there traders!
As always we provide you with analysis on tradingview.
Currently we are looking at the pair CHF/SGD where we had a nice impuls and corrective move.
Structure kept on breaking above and now made a lower low/high.
Bearish pressure is allready pushing market-price down.
We also have seen the counter-trendline break wich indicates we are bearish.
Last but not least we see the market create a potential H&S wich also indicates the bears are ready.
So now we wait for our indicators to give us a valid entry and when all rules are satisfied we take the trade.
Have a good week!
CHFSGD top-down analysisHi Guys, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis video. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover my next analysis.
Also let me know your thought in the comment section what you think about this pair.
CHFSGD bullish gartley pattern completeOn the monthly time frame price broke the monthly resistance of 1.4294 that have been rejected multiple times since November 2004 and is now testing it as support. The Swiss franc against the Singaporean Dollar cross pair is also helped by a bullish trend line support that have helped in pushing price higher.
On the weekly time frame the 1.4294 support being tested aligns perfectly with the 50% Fibonacci retracement level. RSI is over sold.
On the daily time frame there is bullish divergence and the complete bullish gartley pattern.
On the H1 time frame there is double bottom on the monthly support.
Long positions can be opened at the current price and target set at 1.6000 psychological level which aligns exactly at the 161.8% Fibonacci extension level.