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....
On the daily TF, we have a rejection candle bouncing off the kijun sen. Chikou span is already below the price and we are expecting a bearish kumo twist within the next few days. The tenkan sen is angling downward which suggests long term bearish momentum. On the H1 TF, enter a short trade once prices closes below the support level drawn by the red line.
On the daily TF, price is making a lower high and a lower low. We have a rejection candle off the daily kijun and we have our entry confirmation from %R. We are expecting a bearish kumo twist in the next few days which could add further confirmation to our short trade. Furthermore, daily tenkan is currently pointing downward which suggests short term bearish momentum.
Predictions posted on November 24, 20I8.The Djinn Indicator was set for 2 days into the FUTURE for this 1 hour chart.
This was my test of the equations capabilities. The Djinn are simple mathematical equations.
Shift all predetermined times on the chart to the left by one bar (subtract 1 hour) and you have the exact swing times and dates.
These are the FUTURE dates and times for SGDCHF (Singapore Dollar Swiss Franc) with the highest probability for experiencing a price swing high or low. Apply your own indicator(s) to determine the price swing direction.
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...