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.
Hello everyone, if you like the idea, do not forget to support with a LIKE and FOLLOW for more creation of free analysis. \m/
On the Monthly we are currently in an uptrend.
Dropping down on the Weekly the market has just printed out a W formation where its currently testing a strong structure of support where the market has retested this in the past and is...
