Let's see if it'll bounce here. Wait for a reversal candle on the hourly for entry.
bounce back to 118 at minimum went long at 116.1
Could turn into a butterfly too if CD leg drops deeper
short below 1.084 target 1.066 long if channel breaks topside
channel support held, waiting for bullish reversal to go long, target sub 120
No position taken right now, but EUR looks like it's got one more leg up. Expect more volatility in equity markets drive up EURUSD.
This is a gift! Will rebound very fast.
No position right now, but I'm biased to the long side.
Going long, first target retest of shoulder
Wait for an opportunity to go short around 1.12!
Amazing run in USDCHF, but channel resistance is proving too strong. USD was weak in August in recent years. Expect a decent pullback.
Friday night was a shocker, didn't expect it to test the shoulder line this fast. Closed the previously mentioned long position around 1.1080 coz price was too stretched. Now I think EUR will be under pressure until NFP, but then sell the news and it'll start to rebound. This Gartley pattern also adds to my view:
US GDP not very strong, it looks like this pair is forming the right shoulder of an inverse HS pattern. Starting small long position, looking for further confirmation to add.