SGDCHF trade ideas
#CHFSGD [Daily] 90% : 10% to Long over Short?Read this carefully if you want to grab an opportunity next week! Spot on SAXO:CHFSGD .
Bringing you today a unique opportunity that might turn out to be a mid term long trade to target recent highs.
Price last week has hit a triple key levels and reacted on them.
Price since November 19 has been respecting an upside channel where it made a high on March 13 2020. Now is testing the ascending lower wedge and at the same time has tested the previously broken upside wedge of a massive broken channel. .
It is important to bear in mind that price may test the Annually demand below around 1.43900 some thing like 100 pips below. However, i don't recommend to keep the contract open to these lows, If current upside channel lower wedge is violated next week then take yourself out.
A violation to last week's low will cancel the bullish setup.
Analysis is based on #SupplyAndDemand, #Channels #Breakouts Strategies.
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#AHMEDMESBAH
Short CHFSGDHi,
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 general prices will go slowly back to normal. Nevertheless, I think this pair will trade between the highlighted zones in the chart in the next months.
CHFSGD SHORT TRADE IDEAPrice falils to break to the upside after several atempts hence we must wait patiently for a break and retest of mini zone to short...
SGDCHF technicaly based forecast
📌Short intro:
I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas
💡 SGDCHF technicaly based idea, technicaly indicators showing we can exepct higher recovery phase in next periods, expecting to see push in ptice till FIBO 0.5 which is in some cases strong support, same on FIBO 0.5 is last support zone (yellow line).
📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment!
Thanks on supporting!
All best, good luck!