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...
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.
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.4637).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CHFSGD is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a...
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.4637).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CHFSGD is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts...
Hi,
This is the only forex pair I trade.
Before the pandemic this pair was in a short run for a long term! Then the pandemic came and it went up for peaks. Makes sense, people see security in the Swiss dollar.
The world is now familiar with the pandemic, business are evolving, countries are recovering etc. The panic of covid is not going to last long and in...
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...
CHF/SGD is weak and we can expect it to continue it's bearish trend further below on the long term this next few weeks *as long as the 50 EMA holds as resistance on the daily timeframe.
It may make some pullbacks up but it is nothing to worry about as long as it never finds support. The reasonw why I leave my SL higher than the 50 EMA just in case.
This is a...
![CHFSGD: CHFSGD [W1C] Short setup with a tight SL.](https://s3.tradingview.com/m/mdqMSJKW_mid.png "CHFSGD [W1C] Short setup with a tight SL.")
