Good day traders, Although we are currently bullish on the lower timeframes, swing traders are looking at the overal out look of the CHFSGD. The CHFSGD has been consolidating between our Support and Resistance levels for a couple of years now. It has recently respected our resistance level creating a possibile bearish trendhike. We saw a bearish confirmation it...
Hello traders, We have yet another great market set up to take advantage of. The CHFSGD has been consolidating in a falling wedge. We have since seen an opportunity to take advantage of a trend violation on the daily timeframe. Should we close above the trendline today, we are definately bullish unti we reach our target set at 1.48927, this target was set by our...
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
Market is creating LH and LL. Market can go down and create another LL
Chfsgd bulish trend, feel free to follow me for future analysis.
Review of our Target to 1.118 & 1.27 extention zone reveals a posible HARMONIC PATTERN. Still looking for possible SHORT before we trade LONG around 1.42000
CHFSGD has formed a monthly hanging man on the resistance followed by weekly bearish engulfer with a daily head & shoulder and breakout from this daily head & shoulder with bearish engulfer. On the opening of the new trading week, on the retracement, there could be a selling opportunity on the lower timeframe.
CHFSGD on the monthly has formed a hanging man with a lower high. It is a high probability that the price will bounce from the resistance with a lower high or with a false breakout which we could see daily bearish price action on the resistance. If you find value in this idea, press the like button.
Long position taken after observing following; 1. Dow theory bullish trend
CHFSGD is in bearish trend and continues to follow this trend
bullish structure hammer at LH entry taken at 1.45150 sl 1.44726
Bullish structure HH,HL formation Bullish Hammer spotted at HL Entry : 1.45840 SL: 1.45740
Possible morning star Buying opp buy 1.45019 sl 1.44726
CHFSGD $CHFSGD Initial Short. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
Typically the market tests the structure candle it printed, which is marked in the blue box. Now we need to wait untill all the checkboxes of our strategy are checked before we can create a setup. So let's see if that will happen en see if we can capitalize on this move.
Bullish breakout : Entry price 1.40072 Take Profit 1.40767 Stop Loss 1.39728 Bearish breakout : Entry price 1.39116 Take Profit 1.38379 Stop Loss 1.39522