TerryHarmonicTrading
Long

SGDCNH - 5-0 pattern setting up

FX_IDC:SGDCNH   SINGAPORE DOLLAR / CNH
This is a currency pair that I hold close to my heart.

As someone who travels to Shenzhen china almost monthly, I am pretty interested to put what I learn into good use to gain an advantage in life.

I change SGD to CNH             every single month.

Keeping this post short, I am expecting SGDCNH             to go down to 4.7 before rebounding.

For those of you who are planning to visit China in the next few months, I will suggest either changing more CNH             this month or wait until it rebounds from 4.7,completing a 5-0 harmonic pattern before it charges towards $5. Do not change your sgd to cnh             when it is around 4.7, either change it early or wait to change after it rebounds.

I cannot predict how long it will take but my conclusion is I will see the SGD weakening against the CNH             over the next few months.
Harmonic trader based in Singapore. Learned directly under the great Scott Carney. For FREE live trading webinars, trading resources and market analysis, please do visit my website at Harmonicforex.com
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