munyaelliott

CHF/SGD 4-HOUR TIMEFRAME LONG

Long
FX_IDC:CHFSGD   SWISS FRANC / SINGAPORE DOLLAR
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 requirements and they can be very volatile.

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