Most of the bias is showing signs of short in sight, All points on the chart! What do YOU think?
Price had met resistance and closed the gap and the last big bearish move down. Ending diagonal looks to be imminent!
While the CHF has been making some pullback. Some pairs are showing weakness as it's slowly pushing Higher. I have marked these moves up as a correction of an ABC. this will be a failed wave C of 1234 (5 of 5 - ending diagonal). GBPCHF/EURCHF showing the same pattern.
Price was ranging in a triangle wedge, price broke out now at the test line. Still long on this pair. Price target around the 172-175 range.
CHF/JPY Has been in an uptrend for a couple of years now. YEN still showing weakness for now. BUY in a trend and this trend has never stopped. This is an impulse which is now in a correction. Looks to be in an ascending triangle. looking to top the daily channel for TP. Let me know what yous think... Happy trading! 3 Contracts entered
With the DXY and US dollar showing correction signs. GBPUSD looks good for a buy. showing BOS on HF's and now moving above the 4H correction trend with a HL in place.
The USD had been increasing in value since higher interests but Friday marked a big day of news, which was very positive for the US dollar. The reason for the most recent downtrend is because of short options placed on the USD which had to be liquidation of a loss because of this positive data. 1. The DXY never broke structure 2. Market close respected the 78.6...
Price needs to test the upper price before coming down again. Ascending triangle forming before price breaks to the upside. Should go up for a wave C of the correction before coming down again.