We are definately set up for a pull back and risk-off Friday. Strong bonds and strong Gold are not what you usually see together, Gold may have triple topped and bonds should help it as a short but it is hard to sell against such a strong trend.
The breakdown in USDJPY means that Yen crosses should be better shorts than USD crosses.
Breaking big lows ... the SNB are now said to tolerate 1.30 and the market is going to test that ... it means CHF is not an attractive short while this is going on.
Broke trendline support, has fibonacci and structure support at 75 but the 61.8fib and SR level at 73 seem possible too.
I will add more charts in a bit but its all one trade and its all looking like risk off. GBPUSD and GBPJPY are also daily bearish gartley or butterfly patterns and also the FTSE index ...
AUDUSD short 0.87 stop 0.873 PT 0.8550 / 0.84
CRUDE short closed 50% @3R 75.70 (+1.5R)
CRUDE balance stopped out @1R 76.50 (+0.5R)
NZDJPY short 64.18 stop 64.38, PT 62.25 - top of wedge
I have the following positions open:
AUDCHF short 0.9780 stop 0.9830 PT 0.955 / 0.9275 - 1/2
EURCAD long 1.2550 stop 1.2460 PT 1.3330
USDJPY short 91.07 stop 91.47 PT 89.50 / 88.50
INTERESTING STATISTIC FOR NEXT WEEK:
For the past 11 years, every year, the week after June Options expiration has been negative for the stock market.