Thoughts for the next week

Eur/chf

The daily close is right under the downward channel. Therefore, it is early to confirm that the channel has been established. Will wait for 4HR candle close to confirm its bearish structure or breakout above resistance.

Aussie

Aussie

Aussie

Entering short on Sunday open. Thursday price action formed a shooting star (somebody calls it a pinbar) with the bounce off the upper

trendline.

Cable

Cable

Cable

2 trading scenarios upon Sunday open:

1. In case of a gap up will wait for gap close within 4hr and enter long;

2. Retracement to 1.9650-60 and enter long.

For all scenarios SL 1.9572. Target 1.9740.