This is a pure digital signal processing signal just as are every other signal I post. ZERO other factors are considered in producing this signal.
Entry reasons: SGDCHF is showing momentum and confluence of mean reversion crossing up the 70 day price mean.
Exits and SL: TP and SL on chart. Move SL on TP. After TP2, trail with 0.5xATR step and 1.5xATR offset.
A similar picture to its Euro pair counterpart. A recovery with a massive drop pattern. This one looks like it's running just ahead of the SGDCHF assuming both pairs to reach same end points fractally. A larger zigzag or flat is forming, I believe.
Currently, watching these two pair correlations on Forex, I think both of them are due for a similar type of positive wedge correlation given there entry price. I am long looking at the patterns right now. Right now I think the setup is quite intriguing. That being said, everything I say is on an opinion based basis. Invest at your own risk. Please proceed with...
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💡 SGDCHF technicaly based idea, technicaly indicators showing we can exepct higher recovery phase in next...
CHF is getting stronger and we might see levels as below as 0.703.
Entry: 0.7275
Stop: 0.733
First target: 0.711
Second target: 0.703.
Have a good weekend. Follow to hear more.
SGD/CHF is not holding strong and broke under the 50 EMA on the daily timeframe.
MACD daily has also crossed the zero line and we have convergence down.
AS the pair goes down, we will see how strong the bearish move is and wheter we can keep holding to the next TPs.
First TP: 0.7153
Second TP: 0.7105
Third TP: 0.7055
You must leave enough space for your SL....
CHF/SGD is weak and we can expect it to continue it's bearish trend further below on the long term this next few weeks *as long as the 50 EMA holds as resistance on the daily timeframe.
It may make some pullbacks up but it is nothing to worry about as long as it never finds support. The reasonw why I leave my SL higher than the 50 EMA just in case.
This is a...
I'm looking to buy this pair around 0.735. Price has is trading around this area, so I am looking for bull candles on the daily time frame. If I get a bull candle then I will move to the 1H and place buy limit orders at previous market levels.
Before I begin I would like to thank anyone who provides feedback.
Observing the D and 4h timeframes of SGD/CHF, there is a rising wedge taking place and we are currently testing the lower TL. The price also just tested the .618 fib level (.7150).
We just broke a key price area of .718 and this can act as a resistance point . If this hits resistance and the wedge...
