CHFPLN Sell Idea @Daily Supply Zone (3.5546 - 3.5688) Sell Limit: 3.5546 Stop Loss: 3.5755 Take Profit: 3.4933
As we can see, market is forming Head and Shoulders pattern. As the price breaks the neckline, there is big chance, to attack even our ATH.
If the downtrend on stock exchanges does continue the break gets even more probable
It has to be said, that 2017 was a very good year for the Polish Zloty. One reason is the strong global risk sentiment but strong Polish economic numbers and the change in government has also played a role. Regardless of how you feel about the Emerging-market currencies and CHF/PLN in particular, one could argue that they are getting close to a bounce. It may not...
This is not a call to place a trade, but a guide. You can start building your position according to your MM & your strategy. Bigger retracement (up to 4 daily ATR) = more money. Target will be hit 100%.
CHF/SGD 1H Chart: Channel Up The Swiss Franc is gaining value against the Singapore Dollar in a short-term ascending channel that started to form after the currency exchange rate bounced off from the weekly S1 at 1.4007. Depending on how you draw the pattern, it will consist of two reaction highs or three reaction lows. In any case, there is a clearly...
Another harmonic pattern available at a very strong support area. Stochastic is also nicely oversold. Wait for confirmation before buying. If price leaves our box from the bottom im no longer interested in this setup. Lets see what happens. :)
Enter first short on CHF/PLN. Take profit at 3.95. Keep trading the pattern and enter a long position to 4.20.
In this 4h charts we are waiting for a Bearish candle to setup order for short .