Recommendation: BUY 1…
AUD/USD: bears left their lair
SL 0.808 TP1 0.794
On the daily chart, the inability of bulls to push the pair out of the uptrend channel and formation of the bar with a long upper wick points at their weakness. It strengthens the risks of correction at least to 0.7937-0.7954.
On H1, AUD/USD reached the targets of “Widening wedge”, “3 Indians” and 1-2-3. The break of support at 0.8028 and the pair’s leaving the uptrend channel will increase the risks of the pair reaching 88.6% target of the Shark pattern.
GBP/AUD reversed from combined support zone Next buy target - 1…
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen; the prices are entered into the Cloud.
There's a bearish "Harami", but confirmation of this pattern isn't enough. So, bulls are likely going to test the 34 MA...