Looking for 10-20 pips and probable continuation. Usually 20:30 ET candle happens.
Looking to secure 90% of 10 pips and let the rest running.
Waiting on Pre-London 15/30m breakout. 2am-3am ET. Just looking for 10pips.
Simple as daily trendline as support and fib 618 from the last impulse targeting 1.618 extension with coincidence at the weekly resistance.
If DXY continues with its bullish structure based in technicals and fundamentally inflation and bond market may push equity market into a correction before end of the year rally, USDCHF could respect daily ascending channel and break descending corrective channel.
Some fundamental analysis: JNK bond market could push equity market in a correction and good labor data in the upcoming NFP strengthening the dollar. This could react in XAUUSD price action inside the descending channel.
Expect a small retracement and reaction to key levels coordinated with fib extensions. DXY may gain strength due to Powell's speech.
No bias, just intraday price action possibly reacting to key levels.
Last H4 candle closed slightly above previous. Higher range than NY session.
Inverted H&S pattern. Dollar strong. Move may be waiting on CAD interest rates decision this week. Not strongly relying on fib levels, but in this case confluence with higher daily key levels.
COT strong EUR, some weakness on CAD. Technically inverted H&S.