Market Reverse Form 1.3668 to target 1.4146 we can see market has broken structure 1.3908 and trying to push higher. Market has a couple of strong level 1.3750 and 1.3641 for move B after Move B market can be go 1.4100 then it could be make a lower low from last jumping point to 1.4448 but 1.4248-1.4305 has a 1st fake out area for liquidity.
QML pattern on H4 timeframe, if price shows me a solid rejection at the MPL I believe we'll sell off to around 31,000. Also 50 MA is under the 200 MA so technically still in a bear market on H4 Timeframe
We have a bearish QML set up on the H4 Timeframe in a nice overall downtrend on USD/CHF. Waiting for price to tap into the QML zone with a break of the bollinger bands strictly on H4 timeframe to go short.
A look into next weeks Trades we have GBPUSD.
We have in view the market on the QML supply zone which could most possibly favor the Bears.
An AB=CD pattern formed a Bearish Flag.
Within the bullish channel of the flag, we have a complete Elliot Wave.
We currently looking forward to trade the D leg of the AB=CD pattern.