USDCHF will likely to form retracement due to double top pattern. The short term trade should be sell. TP at around 1.9955 to 1.9941. SL at prev swing high
GBPUSD has the potential to make double top pattern.
The stochastics momentum already shows death cross with bearish divergence.
Entry sell on 1.2316 with TP area 1.2135 and SL on previous swing or set 80 pips
GBPCHF has breakdown double top pattern with bearish divergence stochastics. Enter with any continuation pattern like bearish flag. May Sell with TP1 : 1.206 and TP2 : 1.197. SL on previous swing high or 60 pips
USDCHF is forming double top pattern. The stochastics indicator shows bearish divergence. Price will likely to go down.
TP1 around 0 9775
TP2 around 0.9685
SL on previous swing high
AUDUSD is trying to form inverted Head and Shoulder pattern. Trading position should be buy with SL on prev swing low (0.6730)
TP1 : 0.6860 (because possible to go sideways trend)
TP2 : 0.6905 (ideal TP for inv. head and shoulder)
GBPJPY has formed double bottom reversal chart pattern and now is forming a falling wedge pattern in order to continue uptrend.
Trading position will be Long, with SL below the previous swing low.
TP 1 : 131.50
CHFJPY is forming head and shoulders pattern and will likely to breakdown neckline. Sell with SL on previous swing high (right shoulder)
TP will be at around 107.6
NZDUSD will form double top pattern and continue to go down. Sell with acceptable risk with SL on previous swing high.
TP 1 around 0.6760
TP 2 around 0.6738
USDCHF has a potential to go down because of a bearish pattern forming. Entry with acceptable risk.
Sell on area 0.9966-0.9988
TP around 0.9850
SL at previous swing low.
CHFJPY is forming a double top pattern.
The trading idea will be sell near the point C.
Stop Loss will be the swing high formed at point C.
Take profit will be at point D (around 108.75).
Gold will finish its falling wedge pattern. The correction of the falling wedge is predicted to be around 1390 area.
Speculative buy on 1390 area, or buy on breakout the falling wedge pattern with SL on previous swing low.
Take Profit target will be 1440 (first target) and 1460 (second target).
