Swiss Franc/Singapore Dollar

SAXO

CHFSGD

CHF/SGD, Daily chart: 2 years long resistance zone + Inside Bar + Overbought on RSI(14) + Side of Bollinger bands (20,2)

In CHFSGD We have Found Double Top pattern with bearish pin bar candlestick pattern. Here we have 248 pips Risk and 824 Reward use only 0.01 Lot. this trade is only for risk Taker. Sale : 1.4143 Target : 1.4098 Target : 1.4048 Target : 1.3686 Target : 1.3316 Stop loss: 1.4388 The Pin Bar Pattern (Reversal or Continuation) A pin bar pattern consists of one...

short

SAXO:CHFSGD Setup void if current Weekly supply is violated. Can work with a tight SL above the current marked supply.

I do trade this pair. We see 2011 Forming a high and in the future 2015 that old high in 2011 taken out before a rapid drop. Price will always target the recent Highs or Lows were there is a lot of Liquidity. Buy Stop label we see a double top before going lower & SELL Stop label showing a double bottom before upward price movement. Yellow Highs and Lows price...

refer chart for details

long trade, dont take this trade it is for my own analysis

i base my trade using pivot and trend. this is not a trade signal but a personal chart and journal. trade at your own risk (please have a money management) but feel free to follow and comment.

Played out nicely hit tp 62pips and still went lower. SL never tested Looking for a lower move to the OB then a possible buy s3.tradingview.com

Possible sell on breakout

refer chart for details

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).

The price tested resistance. This is evident when using the kijun bounce strategy. But looking at just price action we have a 1.37 - 1.38 zone

A SHORT POSITION , BEACUSE MARKET COULDN'T BREAK THE RESISTANCE

CHFSGD trade setup

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).

CONTINUOUS UP MOVE

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...