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ForecastCity_EU
Dec 23, 2019 1:43 PM

Don't miss the great sell opportunity in CHFSGD Short

SWISS FRANC / SINGAPORE DOLLARICE

Description

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.3835). 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 downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.

Take Profits:
TP1= @ 1.3755
TP2= @ 1.3695
TP3= @ 1.3600

SL: Break Above R2
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