CHFSGD Sell Idea @Monthly Supply Zone (1.3985 - 1.4240) Sell Limit: 1.3978 Stop Loss: 1.4246 Take Profit: 1.3682
we had finished the cycle there was a divergence on RSI confirming that. New cycle wave 1 just finished, and wave 2 is about to finish At the momment we can catch the wave 3 2 Harmonic patterns are showing ideal spots to get into the trade
just looking for precise spot to get into the trade when wave 5 is finished (2 wave from higher rank is finished as well)
Showing some Sell signals and Ema + RSI confirming. After 20% right direction will move SL to Bearkeven and take 50% of profit.
The Swiss Franc has been appreciating gradually against the Singapore Dollar since mid-January. This bullish sentiment, however, has allayed during the previous sessions, thus bounding the rate in an increasingly narrower trading range. Meanwhile, the pair tested the upper boundary of the senior channel down near 1.4250 on February 9. This factor could serve as...
CHF/SGD has been trading in a steep ascending channel for two weeks now. This pattern formed shortly before the rate breached the dominant eight-week channel on January 25. Following this breakout, the pair continued to edge higher; however it has since failed to reach the upper boundary of the junior channel. Thus, it seems that the prevailing bullish sentiment...
The Swiss Franc’s movement against the Singapore Dollar during the previous three months has been constrained by a rather flat channel down. The pair started to form the most recent wave up within this pattern early in January. This upward movement has since resulted in a junior channel. The upper boundaries of both patterns near the 1.3820 mark were tested late...
Hi Traders watch for a support to buy, the flag was broken so a possibility exist to have support at this level.
CHF/SGD has been dominated by two channels. The medium-term pattern has confined the rate since late October. The pair failed to reach its upper boundary earlier this week, when the senior channel forced the Franc to reverse from the 1.3730 mark. Technical indicators show mixed results about the pair’s direction during the following sessions. As apparent on the...
CHF is setup to strengthen in the next upcoming days. Trade with care.
If the supply will increase the demand will decrease the price will become cheaper , because no people wants to buy . But if the Demand of people in a one thing supplier can change the price it can go UP like this scenario you can see the big rejection then after a few day they become a bullish.
Long CHFSGD @ 1.36; TP @ 1.39402, SL your choice
Monthly chart shows us a triple bottom and the day chart shows it is nearly done with the selling as well. Now it is likely to breakout of the white line from the inverse Cup and Handle pattern. From the candles, it shows weaken selling and buyers are getting stronger as well. We are taking a small position to test our hypothesis. Trade safely.
CHF/SGD has been guided by two opposite channels. The senior formation has restricted the pair in a descending movement since late May. After bouncing off its bottom boundary two weeks ago, the pair formed a junior channel up along the way. These two patterns suggest that the pair should appreciate during the following two weeks, at least. This assumption is...
CHFSGD - Weekly, Bullish AB=CD Pattern