Charts

The 4 hour EUR/CHF chart shows that the short taken a few days ago reached it's first target (the bottom of the flag). Time to take some off for 300 pips, keeping a small part to catch the flush should price break below.

The daily chart of the continuous DX US Dollar future shows that price reached the 50% retracement level of the recent swing higher.

The 4 hour EUR/CHF chart shows that the trade I was shaken out of earlier reached it's target, and that price seems ready to revisit the lower line of this large flag.

The 4 hour chart of the GBP/USD shows that price reached the upper band of this large green pitchfork, just below the 50% retracement level of the entire move down.

The daily AUD/USD chart shows that price is getting close to the upper border of this large red pitchfork.

My short position on the spot Brent was stopped out for -71 pips (at the high tick of the day), after being in profit more then 200 pips around the close yesterday.

On my main trading account I wouldn't have let a profit turn into a loss, but with this small portfolio I am aiming for the home run and am thus willing to give the trades lot's of space.

FYI: I'm already getting ready to try it again .

Earlier today I sold a spot brent oil CFD for my new swing trading portfolio, when price reached the upper line of this large triangle.

Note that I moved my stop to break-even quite quickly as the oil numbers that are to be released later today might cause a spike above the triangle.

The daily AUD/CAD chart shows that price reached the top of a large wedge and the orange resistance.

I don't know much about EW theory, but the wave count on this 4 hour EUR/USD chart shows that the bull-run might be over, and that we are headed to new lows.

The daily GBP/USD chart shows that price is on it's way towards the highest down-sloping red trend line, where we should see a nice bounce - especially as this is not far above the 38.2% retracement level of the entire fall (not shown) which comes in at 1.53.