GBPCHF has gained a lot of bullish momentum and has finally broken above the daily resistance for the first time since March 2020. Will be looking for a pullback on the smaller timeframes to take this long with final TP zone around 1.28000.
Looking for rejections around the 38.2 fib and H4 50 EMA to go short
Waiting for a break and retest of the trendline to go short on EURCAD.
NZDJPY has broken above the previous highs on the H4 timeframe. We will be looking for rejections off one of the fib levels to take us towards our take profit target (-61.8 fib extention level).
H&S shoulders formed. Price currently retesting the neckline.
A Head and Shoulder pattern has appeared at the end of an bullish trend which indicates a possible reversal in trend. We will be looking for shorts at the retest of the neckline, where we have a descending trendline and the daily 50 EMA. Final TP would be the duplication of the head at 1.7763.
Double top, Rising wedge breakout. Expect price to go towards the fib extension levels in the week.
Confirmation of short trade will be the break of 1.20707
Break of trend line will confirm the short bias
Will be looking to short once we see a break of the rising wedge.