Possible scenarioAfter a rejection of the 61.8 fib retracement is possible to see a bigger wave to the downside.
Posible
16/05/2017 USD/CHF AnalysisThe price has reached the support level again, starting to generate a possible lateral channel. Wait for a rebound or break from this level.
10/05/2017 USD/CHF AnalysisPrice has had strong bullish days, which reached a level of resistance, but a candle of indecision signals a possible bearish rebound in this level.
5/05/2017 S&P500 AnalysisPrice performs a new test of marked resistance. Watch out for a possible rebound or break.
UsdChf challenging 4hr trendline from belowUsdChf is currently trying to break back above the 4hr trenline
The pair will have to hold above 0.9725 to confirm a break back up
A break back up, in my opinion, will make the breakout this morning a fake breakout
The plan is to buy a breakout conformation, and a apply a tight SL below trendline
The target will be up to you - how far can Chf recover - I will hold on to my long till 0.98
EUR/JPY H4 - Possible structure - bull Shark pattern projectionFor the moment, I'm looking for short position in lower TF
AUD/USD D1 - Beraish B-Fly and Crab patterns projectionsPair broke channel, pushed by OIL price, and is going to test next resistance level at 0.76. A bearish butterfly and Crab pattern in play. Good for long positions in lower TF’s.
For short position on D1 chart: wait for bearish divergence and reversal bar pattern inside PRZ box
EURAUD POsible consolidation before it goes up again !EURAUD POsible consolidation before it goes up again !
