Atosark

Atosark Updated 

What's happening here?

Atosark

There's still some potential upside to go, so be wary.

Atosark

Currently the market is accumulating longs while waiting for ECB to hike. SNB should follow up with a hike and this thing should shoot up. Caution: Your broker might increase the margin requirements.

Atosark

I am expecting a move at the support sub 0.74 before a move upwards towards the range highs at 0.77.

Atosark

A move to 1.187 is highly anticipated by the major players because of the uncertainty. After that we could have a run back over 1.30.

Atosark

AUDUSD have moved like a clockwork. First it broke a diagonal resistance, then it came back to test the lows and then shot straight up. Could find some resistance near 0.77 (and form a nice bearish bat).

Atosark

SNB rate normalization and continued yen depreciation (because of funding-status and japanese economy woes) would provide a nice boost to the CHFJPY pair.

Atosark

SNB rate normalization would trigger a run back into CHF.

Atosark

Rebounded off the wedge on Friday and closed below the 200 DMA but chasing the shorts is deemed to be too risky at this stage. Just wait for a clear long break of the wedge (with a daily close for a confirmation) and go long targetting the 100 DMA + fib + high confluence.

Atosark

Buy dips

Atosark Updated 

Wait for a daily close outside the falling wedge.

Atosark

Buy dips for 1.16 initially.