#CHFSGD [Daily] 90% : 10% to Long over Short?
Read this carefully if you want to grab an opportunity next week! Spot on
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.
Follow and like for more setups...
#AHMEDMESBAH
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.
Follow and like for more setups...
#AHMEDMESBAH
Trade active
Trade active:
Expecting a correction and a continuation next week.