Recommendation: BUY 0…
AUD/USD: bulls under pressure of Cloud
Technical levels: support – 0.7500, 0.7450; resistance – 0.7550.
1. Sell — 0.7540; SL — 0.7560; TP1 — 0.7500; TP2 — 0.7450.
Reason: narrowing bearish Ichimoku Cloud, falling Senkou Span A; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are under strong resistance of the Cloud.
On H1 of EUR/USD, bulls want to trigger “Wolfe waves” pattern with a target at the line 1-4. At the same time, if the pair doesn’t leave the downtrend channel, their plans will fail.
Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
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