After a rejection of the 61.8 fib retracement is possible to see a bigger wave to the downside.
Price is bearish trying to break a support level.
Price has reached a high level that coul become a new resistance.
The price has reached the support level again, starting to generate a possible lateral channel. Wait for a rebound or break from this level.
Price has had strong bullish days, which reached a level of resistance, but a candle of indecision signals a possible bearish rebound in this level.
Price performs a new test of marked resistance. Watch out for a possible rebound or break.
UsdChf is currently trying to break back above the 4hr trenline The pair will have to hold above 0.9725 to confirm a break back up A break back up, in my opinion, will make the breakout this morning a fake breakout The plan is to buy a breakout conformation, and a apply a tight SL below trendline The target will be up to you - how far can Chf recover - I will...
For the moment, I'm looking for short position in lower TF
Pair broke channel, pushed by OIL price, and is going to test next resistance level at 0.76. A bearish butterfly and Crab pattern in play. Good for long positions in lower TF’s. For short position on D1 chart: wait for bearish divergence and reversal bar pattern inside PRZ box
EURAUD POsible consolidation before it goes up again !