Gold has a high probability of completing the AB=CD pattern, and the completion price is around 1739. Near 1739 is the early long-short conversion area and there will be a lot of support. I think the vicinity of 1739 will be a new low-price buying opportunity. SL 1704 under TP1 1808 TP2 1864
Wait for XAUUSD to drop back to 1795 to buy
Support 1796-1790 under gold, with the bat model, consider buying gold
Plan A: XAUUSD has a relatively large pressure in the 1568-1576 range. I think I can use this range and the 0.618 position to short XAUUSD. Plan B: If XAUUSD breaks through 1577.90 I will buy gold backhand.
At present, the gold 1548-1540 area has relatively strong support. You can consider buying in this area. SL:1535 TP1:1568 TP2:1590
The British pound has a lot of resistance around 1.30700. At present, the overall trend of the British pound is weak, and I think it can be shorted.
XAUUSD pays attention to the support area around 1286 to consider buying, with the Cypher mode, and the yellow area still has the effect of long and short conversion. s:1275 under TP1 1208 TP2 1323
USDCAD completed the butterfly pattern in the 1.34140-1.34526 area, and was the 0.618 position of the entire down market. Consider shorting USDCAD in this area. S 1.34800above TP1 1.33000 TP2 1.32000 TP3 1.30684
EURUSD will complete the Cypher pattern in the 1.2733-1.12335 area, paying attention to the performance of the price reaching the potential reversal interval, waiting for the reversal signal to appear or directly in the potential reversal area to buy. S 1.2280 under TP1 1.13300 TP2 1.13640 TP3 1.14550
USDJPY DAY Short with 0.618 pull back There is still a very strong structure fit on the left side of 0.618 Short USDJPY now SL: 114.564 TP1: 113.392 TP2:110.270
GBPUSD completed the bat pattern at 1.27348. We observed that the area of 1.27348-1.25834 can be found in the previous long and short conversion area. I think this should be a good opportunity to buy GBUSUD. E: 1.27348-1.26617 S: 1.26617 under TP1 1.29371 TP2 1.30784 TP3 1.33101
USDJPY 4H Short with 0.618 pull back Up trend channel was broken yesterday Short USDJPY now SL: 112.90 above TP1:112 TP2 :111.114
The potential reversal zone is at 0.70567-0.70435, indicating a potential upside. Watch for price action such as Pin bar or engulfing candle . S 0.70435 under TP1 0.70903 TP2 0.71235
USDCAD is testing near 1.31322, we can see that there are multiple technical analysis resonances at this position, first in this position the Cypher mode is sold. Once again, it is near the top of the channel line, and there is a strong structure on the left side, and there is a certain degree of deviation from the RSI indicator. E 1.31322-1.32264 S 1.32264...
Through the chart we can see that USDCHF will suffer huge resistance when it is close to 1, and we can continue to pay attention to the performance of the price around 1. We need to find some reversal patterns in this area, such as the K line, or a smaller level of head shape can be sold after confirmation. If you are a radical trader you can consider ...
EURUSD is currently back testing around 1.16900. I think buying EURUSD is a good choice. It may have to challenge the higher position near 1.19560 S 1.16130 under TP1 1.1820 TP2 1.19560
USOIL has strong resistance around 73.24 and will complete the Gartley model in this area. I think the 73.24-75.24 area is a good short-selling opportunity. Consider shorting USOIL in this area. S 75.30 above TP1 70 TP2 68