CHFSGD W1 & MN ShortGood 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 bounced off a bearish trend line in the previous few months.
We will wait for a slight pullback and sell the CHFSGD down to our support.
Disclaimer
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Chfsgdshort
CHFSGD possilbe sell zone!!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.
💡Don't miss the great sell opportunity in CHFSGDTrading 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 dynamic resistance.
. The RSI is at 33.
Take Profits:
TP1= @ 1.4596
TP2= @ 1.4558
TP3= @ 1.4528
TP4= @ 1.4496
TP5= @ 1.4464
SL: Break Above R2
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💡Don't miss the great sell opportunity in CHFSGDTrading 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 dynamic resistance.
. The RSI is at 36.
Take Profits:
TP1= @ 1.4596
TP2= @ 1.4558
TP3= @ 1.4528
TP4= @ 1.4496
TP5= @ 1.4464
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Short CHFSGDHi,
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 general prices will go slowly back to normal. Nevertheless, I think this pair will trade between the highlighted zones in the chart in the next months.
{CHFSGD} Short Trade opportunity.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 price bar, typically a candlestick price bar, which represents a sharp reversal and rejection of price. The pin bar reversal as it is sometimes called is defined by a long tail, the tail is also referred to as a “shadow” or “wick”. The area between the open and close of the pin bar is called its “real body”, and pin bars generally have small real bodies in comparison to their long tails.
Double Top pattern
forms after an asset reach a high price two consecutive times with a moderate decline between the two highs. It is confirmed once the asset's price falls below a support level equal to the low between the two prior highs
Note: This is only for Educational Purpose this is not Investment advice.
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Thanks
Adil Khan.
CHF/SGD - 250 Pips + Opportunity LONG TERMCHF/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 long term trade and the TP target may get changed during the run as the pair makes its move and let's us know how it's doing.
The full range and duration of the trade could be up to 2 months.
I personally have risked 3% on this pair.
Remember, you're not in trading for the quick profits but for the long term gains.
Trade safe.