CHFSGD trade ideas
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.
CHFSGD LongTested the support in the 1.3435 area and broke the previous maximum. The direction is upward towards the target in area 1.39.
Here too I see the appreciation of the Swiss franc well this time against the Singapore dollar. The Heikin Ashi spark plugs are confirming me both in the daily and in the weekly a trend reversal and a start of a new bullish phase.
SGD/CHF - Long Term ShortSGD/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. That is, put it above the daily 50 EMA, or simply, above the last daily candle close with a little bit of space to it.
Trade safe.
Ichimoku short setupOn the daily TF, price is making a lower high and a lower low. We have a rejection candle off the daily kijun and we have our entry confirmation from %R. We are expecting a bearish kumo twist in the next few days which could add further confirmation to our short trade. Furthermore, daily tenkan is currently pointing downward which suggests short term bearish momentum.
Ichimoku short setup: SGDCHFOn the daily TF, we have a rejection candle bouncing off the kijun sen. Chikou span is already below the price and we are expecting a bearish kumo twist within the next few days. The tenkan sen is angling downward which suggests long term bearish momentum. On the H1 TF, enter a short trade once prices closes below the support level drawn by the red line.
EP: 0.72120
SL: 0.72390
TP1: 0.71960
TP2: 0.71580
CHF/SGD 1H Chart: Slight downside potentialDownside risks have dominated the CHF/SGD currency pair since the end of September, and the pair breached a medium-term ascending channel north at the middle of October.
As apparent on the chart, the pair is being pressured by the 55-, 100– and 200-period SMAs on the 4H time frame. It is expected the pair continues to decline. An important support level to look out for is the Fibonacci 38.20% retracement at 1.3672.
If given level holds, most likely, the pair surges towards the Fibonacci 61.80% at 1.3895.
Mixed results test for 1 hour chartPredictions posted on November 24, 20I8.The Djinn Indicator was set for 2 days into the FUTURE for this 1 hour chart.
This was my test of the equations capabilities. The Djinn are simple mathematical equations.
Shift all predetermined times on the chart to the left by one bar (subtract 1 hour) and you have the exact swing times and dates.
