This is a pure digital signal processing signal just as are every other signal I post. ZERO other factors are considered in producing this signal.
Entry reasons: SGDCHF is showing momentum and confluence of mean reversion crossing up the 70 day price mean.
Exits and SL: TP and SL on chart. Move SL on TP. After TP2, trail with 0.5xATR step and 1.5xATR offset.
CHF is getting stronger and we might see levels as below as 0.703.
Entry: 0.7275
Stop: 0.733
First target: 0.711
Second target: 0.703.
Have a good weekend. Follow to hear more.
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....
