Swing Long on CHFSDG
Confirmations:
- Making a double bottom on daily TF
- RSI is oversold on daily TF
- Already made a reversal on 4hr TF
Entry - 1.49552
TP - 1.53181
SL - 1.48433
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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...
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....
