SGDCHFI previously posted an idea a few weeks ago or so about this same sentiment that is bullish. Still holding the previous trade although price has clearly shot down more since that entry. Yesterday's bear volume decreased after spiking the most it has in a long time. We might still have time to recover the previous trade and for price to reverse from its current short term move down.
Where the "sick throw up" emoji is, im looking for this same type of price movement. May have to wait through some consolidation before retracing to one the daily target ranges on this chart.
CHFSGD trade ideas
CHFSGD Trading Signal: Buy OpportunityDirection: Buy
Enter Price: 1.54015
Take Profit: 1.54403333
Stop Loss: 1.53510333
Hello traders,
We have identified a promising buy opportunity for the CHFSGD currency pair. Please find below the details of the trading signal based on our strategy.
Justification:
This Buy signal is generated based on the robust analysis carried out using the EASY Quantum Ai strategy. Our strategy incorporates numerous indicators and market factors, and here are the key reasons for this forecast:
1. Technical Analysis: The CHFSGD pair has recently shown a strong trend reversal pattern, which is confirmed by significant support levels around the 1.5350 mark. The current market structure indicates a potential upward movement as it approaches the 1.54015 entry price.
2. Market Sentiment: Current market sentiment and trader positioning data show bullish signals, reflecting an increased interest in the Swiss Franc relative to the Singapore Dollar.
3. Momentum Indicators: Key momentum indicators, such as RSI and MACD, are in favor of buying at the current level, with bullish divergences noted across multiple timeframes, supporting a likely uptrend continuation.
4. Fundamental Analysis: Recent economic data releases from Switzerland present a strong economic outlook, further bolstering the bullish case for the CHF against the SGD.
Execute the buy trade at an entry price of 1.54015, aiming for a take profit at 1.54403333. To manage your risk effectively, place a stop loss at 1.53510333 to protect against potential downside risks.
Stay alert and happy trading!
Best regards,
SGDCHF Bullish with trade callSGD_CHF shows a *Uptrend*.
📊 Current Price: 0.6554
🎯 Entry Prices:
Entry Price 1: 0.6536
Entry Price 2: 0.6522
Entry Price 3: 0.6508
Entry Price 4: 0.6488
🛑 Exit Prices:
Exit Price 5: 0.6772
Exit Price 6: 0.6891
Exit Price 7: 0.7009
Exit Price 8: 0.7083
⛔ Stop Loss: 0.6453
We can Clearly see we've had a nice down trend where had a double bottom and have been going back high ever since. We've broken through the bottom fib channel which is a good sign for more continuation back upward. We also have been having recognizable positive volume along with a Golden Cross on the Daily Very imminent The MACD is Showing Bullish and the ADX is 24 showing some Trend Strength.
CHFSGD Bullish runHello traders,
We have yet another great market set up to take advantage of. The CHFSGD has been consolidating in a falling wedge. We have since seen an opportunity to take advantage of a trend violation on the daily timeframe. Should we close above the trendline today, we are definately bullish unti we reach our target set at 1.48927, this target was set by our primary observation of an ABCD trend hike which is currently in motion. We will now take the long trade and hold, should we not break out of our trendline, we will close this trade.
Disclaimer
NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
CHF/SGD Breakout: Continuing UptrendAfter a period of consolidation, where the price remained range-bound, CHF/SGD has now surpassed key resistance levels, signifying bullish momentum. This breakout suggests that the pair is ready to resume its upward movement, possibly gaining further strength.
In terms of price targets, there are three notable levels that could act as objectives for potential profit-taking. The first target stands at 1.52, followed by target 2 at 1.53, and finally, target 3 at 1.54.
CHFSGD - AB=CD Bullish Harmonic Reversal PatternDear Traders, I am assuming AB=CD Bullish Harmonic Reversal Pattern on CHFSGD 1 hour time frame chart upon FIB ratio and if Point B break, I will take a Sell Stop entry as per my trade plan, and D would be the PRZ potential reversal zone. I will take a buy entry if PRZ is trigger with divergence between Price Action and RSI. 2nd trade plan would be update if my trade is successfully trigger.
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
NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.