XAU/USD: an attempt to recover
After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.
EUR/USD found a double bottom
Recommendation: BUY 1.1645 SL 1.159 TP1 1.1705 TP2 1.174 TP3 1.179
On the daily chart of EUR/USD, bulls are trying to form a double bottom with the help of a bar with the long lower shadow. Bears are still hoping to trigger AB=CD pattern with targets 127.2%, 161.8%, and 200%.
On H1 of EUR/USD, the “Shark” pattern is transforming into 5-0. Within it, the odds of a pullback towards 23.6%, 38.2% and 50% increased. If bulls managed to conquer resistance at 1.1645, the pair will trigger a “Broadening wedge”.
Ivan Karamazov
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XAU/USD: an attempt to recover
After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.
AUD/USD is looking down
AUD/USD that has settled below the 100-day MA in the 0.6840 area. Learn more!
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