with the Dollar looking like the Bears are starting to gain bit of momentum. USDCHF looks to be on the same wavelength with the bearish momentum with this emerging head and shoulders pattern.
Looks like USD bulls are running out of steam, or so it seems on the 2hour time frame anyway. As we approach the 92.88 resistance, there's sufficient contraction and Divergence to imply we could very be heading to a reversal and potentially weak Dollar ahead.
THE pair look likes it is about to complete a peak of the right shoulder of this emerging head and shoulders pattern.
The Pair is looking to re-test the trendline for what seems like a Bullish.
Emerging leading diagonal to support re-teat for a Bullish reversal.
Looks like we are currently in what looks like a 4th wave corrective structure. Running zig zag might be on the cards after this pair failed to break the 110.980 high and ended up finding resistance and closed the week below it; Idealy I would like to see it test the resistance once more to be intereted in the short term short.
Potential Bullish reversal on the cards as the market looks like it will finally trend Bullish after months of correction into what looks like a bullish pennant. Futher more, this is setting up like Bullish head and shoulders pattern and the end point of the pennant correlates beautifully on the price rage of the right shoulder. And there's Divergence to suggest a...
This pair has broken the bearish which was the first Bullish indication, now it looks like we may re-test and complete a Bullish Gartley as Bullish reversal.
Bearish Crab pattern with complementary divergence.
after completing the bearish the bullish pennant and breaking the bottom trendline; looks like this pair wants to go for a test the trendline and support before falling.
looking for the completion of the abc-zigzag corrective structure back to the demand zone to go long.