Watch out for this bearish shark completion on GBPNZD next week.
The zone is between 1.9780 to 1.98.
I hope to see unusual volume coming in before it reaches the PRZ.
Easily a 1:2 risk to reward setup.
No reaction no trade, do not use pending orders.
Next 2 weeks, do keep a closer look on USDCHF.
It will complete a bearish shark at 0.9970.
If this pattern turns out successful, we can see USDCHF challenge 0.96 towards Q1 2018.
It all depends on the market reaction when it reaches the PRZ zone at 0.9970.
February Light Crude slowly continues up the bullish channel. Starting to turn sharper angel suggesting a possible turn around. The mid point on the weekly chart is 65, so long term target is 65. We have achieved a bearish Shark which could force Light Crude down to the bottom of the channel before heading back up. Short term RSI is in overbought scenario, but...