Dailychart
DOGE / USD - may have just reached the topI'm expecting a sharp decline (-70% to -80%) before the next rise in early April (if this is the local top).
On the retest of the top, it will be interesting to see if the high can be broken or if we'll get a 'truncated 5th' wave.
Breaking above 0.05$ & finding support up there invalidates this count, of course.
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[Market Breakdown 1] USDCHF DailyOn the Daily chart we were making clear LLs and LHs.
We broke the last LH and are making HHs and HLs now.
The blue box structure is still holding so be aware of that.
If the market is able to break that blue box, USDCHF will fly.
Price is forming an Inverse Head & Shoulders pattern, rejecting the 61.80 Fib.
Again Fib completions also to indicate us there could be a switch of momentum.
[Market Breakdown 1] USDJPY DailyWe were making LLs and LHs on the Daily chart.
Descending trend line still holding in my opinion (everyone draws it differently).
The break of the last LH is more important.
After the impulsive break we are currently in a correction.
Market is preparing itself for a push to the upside.
We expect it to form an Inverse Head & Shoulders pattern as confirmation.
[Market Breakdown 1] GBPCHF DailyOn the Daily chart we are still making HHs and HLs, that's my only concern right here.
Also the ascending trend line is still holding.
This would be a 0,5% risk position for me.
We have multiple Fib completions, this confirms us a possible switch of momentum.
We need more confirmations on the 4H chart.
[Market Breakdown 1] EURNZD DailyOn the Daily chart we were making LLs and LHs.
We broke the last LH and the descending trend line.
It seems like we are now making HHs and HLs.
We have received kind of a Double Bottom formation and we have rejected the Daily Fib.
I will take a look at the 4H chart for more confirmations.