Hello. Two possible patterns appeared. H&S and W. Indicators shows bull`s tendens. For the last days my forecasts were very good with the help of indicators, so i think it`s more chances to go up from that point, at least to 17k (upper bb line). Cant say will it be higher or not, because we lack of fandamental now. The threshold is ma20 at 1d tf. breaking through...
Looks to be evidence of a channel change unfolding on AUDCHF. This level happens to be a 50% Fib retracement on Daily chart at support level. Multiple divergence confirms price action, and a W pattern seems to be setting up a long opportunity to test the top of the "new channel" with stops below.
With this week's anticipated and unanticipated news, my previous idea of going long got stoped. But now the pattern has become cleaner and clearer, so I am long again!
Here I point out a "W" trading pattern that could indicate the short term downtrnd can be reversing. W pattern will be confirmed if DAL can hold 45.5 on the next pullback. Excellent risk reward here.