Nasdaq is currently doing wave 5 of its higher time frame impulse wave, which seems like an impulsive wave formation. I'll be looking to buy @12445(78.6%) of the fib where there's a recently formed QML that has not been tested yet and there's also an untested base candle formed there, so if price drops from its current position I'll be looking for it to reverse...
The pair seems to have almost completed wave 4 and now we're looking for it to complete the 5th wave which will possibly be an Impulse wave or Ending Diagonal. I've indicated the area where the market might reverse( 50% to 61.8% of 3rd wave). The market might go through the stops or not trigger the buy limits since there isn't much confirmation on reversal trade...
USDCHF is now completing 5th wave of the impulsive wave and has formed a possible bullish qml. It also shows wyckoff accumulation schematic with a spring that is now being tested. Thus USDCHF has more chances of going higher.