CHOFX

CHOFX

Price seems to be generation a Bear Flag. CHF JPY reacted well in Fib Extension Levels 127% - 141%.

CHOFX

Seems like XAU is forming a Bullflag. Now what I'm expecting is a retracement to 78.6% Fib Level to LONG before a breakout, or could be a double floor as well. If not, lets wait for the breakout and LONG on the retest!

CHOFX

Possible formation of a Cup & Handle pattern. Right now the price seems to be testing and preparing for a break out. I'll wait for the re-test to LONG. Taking profits on Fib Level 161.8%

CHOFX

Waiting for a break out. To confirm lets wait for the price to generate a new H-H, so we can enter in the pullback/pivot of this possible Bullflag. Also Fib Level 78.6% making confluence with the 3rd touch on the channel.

CHOFX

After the break out of the Rising Wedge, I'm expecting the price to visit the 61.8% Fib Level before continuing going up.

CHOFX

Waiting for a retracement to Fib level 78.6% to LONG. Or second scenario would be a breakout, generating a H-H and wait for the pullback to LONG.