Trade setups for AUD/JPY
It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
XAU/USD: bears are preparing a trap
Recommendations:
SELL 1326 SL 1339 TP1 1296 TP2 1272 TP3 1244
SELL 1333 SL 1346 TP1 1302 TP2 1272 TP3 1244
SELL 1340 SL 1353 TP1 1310 TP2 1302 TP3 1272
On the daily chart, XAU/USD keeps consolidating in the 1302-1360 range. Another test of its lower border ended the formation of the “Widening wedge” pattern. Pullbacks towards 23.6%, 38.2% and 50% of the wave 4-5 are usually used for selling.
On H1, a “Shark” pattern is transforming into 5-0. Corrections to 1326, 1333 and 1340 may be used for selling.
王继强
Similar
How to trade EUR/GBP?
The way EUR/GBP bottomed around 0.8700, then rose above 0.8870 and jumped from the trendline support at 0.8910 shows that the pair possesses bullish momentum.
NZD/USD: tipping out
The New Zealand dollar seems to be tipping out against the USD. Will that be another full cascade downwards?
Latest news
DAX30: steady for now?
What moves the German index?
USD/CAD surged on failing oil and risk-off sentiment
The Canadian dollar broke out through the 1.40 psychological mark. What’s the reason?
Tips for trading gold
How to trade gold in 2020?
Deposit with your local payment systems
