MihaiMl

MihaiMl

AB seems will equal CD, especially considering the trend based Fib as confirmation.

MihaiMl

Arguments to consider: 1) Just formed a bearish butterfly harmonic 2) RSI shows overbought levels 3) both H1 and H4 timeframes have bearish engulfings 4) the range is outside Bollinger bands for almost 12 hours 5) 118.100 - 118.400 is a previous multi year resistance area that was rejected since 2016, with 1 single fakeout breakout 6) in the last few months, CHF...

MihaiMl

CHF JPY seems to lose momentum, it is ready for another strong downwards push. If the current model is respected, it should break the previous 116 - 118 channel, at least until around the 115 area, after which a small correction is expected and then another push. Right now, we just have to wait and see what FIB level will give a nice shift.