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Recommendations:
SELL 0.701 SL 0.7065 TP1 0.6945 TP2 0.6905 TP3 0.685
BUY 0.706 SL 0.7005 TP1 0.7125 TP2 0.719 TP3 0.7285
On the daily chart of NZD/USD, bulls managed to pull the pair out of the downward channel. They are trying to push the pair to 50% and higher of the CD wave of the “Bat” pattern. To continue the rally, the pair needs to break the June high.
On H1, “Three Indians” and 1-2-3 patterns increase odds of the correction to the current short-term uptrend. Firstly, bears need to break the support at 0.701.
On the daily chart, AUD/USD is forming 5-0 and AB=CD patterns. After reaching an interim target at 127.2% of the latter, there was a natural pullback. Bears keep hoping to reach 161.8% target.
On the daily chart of NZD/USD, a pin bar let bulls to counterattack. They are trying to form a double bottom and return the situation under control.
Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen with falling lines.
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
We've got a pullback from the nearest "Window", so there's an "Engulfing" pattern. In this case, the pair is likely going to...
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