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...
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...
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).
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...