mpvmelelo
Head & shoulders pattern formed , big push to the upside expected
Major monthly demand zone suggesting buyers are entering the market
We’ll be looking for bearish candlestick formations and go for sells
We’ll be looking for a retest on the trend line and the a strong bullish movement is expected
A daily close below 0.87893 zone and we’ll be looking for short positions
USDCHF looks to be in a bearish trend from the monthly timeframe right down to the weekly and has reached an important resistance zone on the daily timeframe and we’ll be looking for sells. Hopefully NFP will behave too
Long positions to be entered on the GBPCHF daily timeframe with confirmation from the monthly and weekly timeframe. Also confirmed by a fibonacci zone
We'll be looking for long positions with confirmation from the monthly timeframe and weekly demand zones , price also respected the 50% fib retracement.
Usually don't likr trading GBPJPY but this looks like a good setup
Wait for daily close and look very closely at candlestick formation before entering
Strong bullish movement expected on GC when looking at monthly demand zones and candlestick formation.