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.
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