Follow up to the trade set ups for the above pairs posted here, this is an analysis of these trades.
USDCHF - It seems like the pair is running out of steam. On the daily charts, we see price coming quite close to the 0.94624. In my analysis I mentioned that price could touch 0.93426. So this was a good trade. For now, we will wait until end of Monday or Tuesday to see if there is any new Wolfe wave patterns coming up.
GBPCHF - Our target price of 1.42887 hasn't been reached yet. We saw a bit of a bearish run to 1.40943 area. As I mentioned a potential entry at 1.41547, price is currently at 1.41642. The 76.4% level at 1.42104 needs to be breached in order to reach our target price. On the contrary, we could see price drop to 1.41120 area before going back up again. On the H1 chart, we have the 50% Fib level at 1.41493 and also we need to wait for the Schaff Trend Cycle to turn bullish. There is still some time for traders to enter this trade.
EURUSD - We expect this pair to drop sharply, however, there was a bit of a bullish run towards close of markets on Friday. The H4 chart still shows a bearish bias, but it can get tricky because on the H1 chart, we noticed a bullish climb on the Schaff Trend. Either ways, I don't expect EURUSD to go beyond 1.30763.
Wait for the H1 to turn bearish to get back into the trade with Stops placed at 1.3058
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