AUD/JPY looks exposed
AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.
XAU/USD: gold is lying on the shelf
Recommendation:
BUY 1235
SL 1220
TP 1250 TP2 1270 TP3 1289
On the daily chart, after XAU/USD had reached 88.6% target of the “Shark” pattern there was a natural pullback. Bears are counting on the decline to the 113% target. For that, they have to pull the price below July low.
On H1, there’s a “Spike and ledge” pattern on the basis of 1-2-3. A break of the upper border of the 1218-1235 consolidation range will trigger a butterfly pattern with a target at 127.2%. On the other hand, a successful test of 1218 will open the way to the 127.2% target of AB=CD.
Ivan Karamazov
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AUD/JPY looks exposed
AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.
Brent: is there a bottom?
On the W1, Brent oil formed a bullish “hammer”…
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