CHF/SGD is on major resistance and has formed a inside bar in 30 and 1H timeframe Sell: 1.4457 SL: 1.4475 TP: 1.4395
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.4637). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CHFSGD is in a range bound, and the beginning of a downtrend is expected. . The price is below the 21-Day WEMA, which acts as a...
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.4637). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CHFSGD is in a range bound, and the beginning of a downtrend is expected. . The price is below the 21-Day WEMA, which acts...
CHFSGD on the daily chart is moving inside a descending channel. The price hit and got rejected by the upper trendline around 1.50 level and hit the ema21. On the 4h chart the market hit the lower trendline of a minor descending channel. IF the price will break below the minor structure at 1.49200 we will set a nice short order according to Plancton's...
CHFSGD on the daily chart bounce at the top of the desceding channel at 1.50 area. The price on the daily chart turn into a bearish scenario. IF the price will close the 4h candle below the support structure at 1.49400 we will set a nice short order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly...
Pattern: Channel Up. Signal: Bullish as the price is near the Higher Low trend-line of the Channel with a bullish MACD. Target: 1.5140 (previous Higher High Resistance) and 1.5930 in extension (only if you want additional long-term risk). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
Hi, This is the only forex pair I trade. Before the pandemic this pair was in a short run for a long term! Then the pandemic came and it went up for peaks. Makes sense, people see security in the Swiss dollar. The world is now familiar with the pandemic, business are evolving, countries are recovering etc. The panic of covid is not going to last long and in...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.3835). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . CHFSGD is in a range bound and the beginning of downtrend is expected. . The price is above the 21-Day WEMA which acts as a...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.3835). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . CHFSGD is in a range bound and the beginning of downtrend is expected. . The price is above the 21-Day WEMA which acts as a...
The pair has been trading within a 1D Channel Down (RSI = 42.510, MACD = -0.005, Highs/Lows = -0.0006) since the August High. On a wider time frame the current price action appears to be replicating the October-November 2019 period when a similar Channel Down made a temporary bottom on the 1D scale, spiked to a Lower High before making the May bottom. With the 1D...
Reversal both at weekly and monthly Camarilla S3. Wyckoff bullish accumulation pattern. Bullish engulfing on daily (forming). Bullish pinbar on weekly (forming). RSI turned from oversold on 4 hrs.
Very strong trend detected an opportunity for the short to gain some large profit.
CHFSGD looking beautiful, price broke strong key area and retested it. We'll enter a buy with a stop loss of 60 pips compared to a take profit of 240 pips. CHFSGD SELL start: 1.39128 stop-loss: 1.39723 take profit: 1.36732
I am long on this thing...tight stop, 10 pips below monthly middle pivot (MR1) which is at 1.40729
Pattern: Resistance rejection on 1W. Signal: Bearish if the 1D Support breaks. Target: 1.3450 (risk seekers can extend as far as the 1W Support).
Pattern: Emerging bullish channel on 1D. Signal: Bullish as the price rebounded on the 1W Support and broke the 1D Resistance to start a new medium term uptrend. Target: 1.4200 (just below the 1W Resistance Zone).
Analysis should indicate loads of signs to go short Feel free to ask any questions
Downside risks have dominated the CHF/SGD currency pair since the end of September, and the pair breached a medium-term ascending channel north at the middle of October. As apparent on the chart, the pair is being pressured by the 55-, 100– and 200-period SMAs on the 4H time frame. It is expected the pair continues to decline. An important support level to look...