【Today's Strategy】
From the 1-hour technical analysis, it can be seen that after the big cake swept the single day's decline and swept the long orders on Tuesday, the overall triangle consolidation structure has been moved out. Due to the current trend line support and the currency price being in the triangle consolidation structure, yesterday's view was that there was strong support near 29100, and this view remains unchanged today.
The strong rebound on Tuesday after the daily level went out of the 5th wave of decline is enough to show that the accumulation of bulls in the 4th wave of decline is effective. It is currently in the stabilization stage of the 1st wave of rise. Although there have been large fluctuations in recent days and orders have been swept back and forth, the main purpose is very clear, which is to promote the balance between long and short. When will it explode? That depends on the non-agricultural data tomorrow night.
There will be no large fluctuations in the market before the non-agricultural data. Regardless of whether the data is bullish or bearish, it will be in the opposite direction to lure more and more before going unilaterally. Simplify the complexity and make orders based on technical aspects.
Strategy:
Aggressive current price is more than 29,000, stable near 28,820, and the target is near 29,500.
From the 1-hour technical analysis, it can be seen that after the big cake swept the single day's decline and swept the long orders on Tuesday, the overall triangle consolidation structure has been moved out. Due to the current trend line support and the currency price being in the triangle consolidation structure, yesterday's view was that there was strong support near 29100, and this view remains unchanged today.
The strong rebound on Tuesday after the daily level went out of the 5th wave of decline is enough to show that the accumulation of bulls in the 4th wave of decline is effective. It is currently in the stabilization stage of the 1st wave of rise. Although there have been large fluctuations in recent days and orders have been swept back and forth, the main purpose is very clear, which is to promote the balance between long and short. When will it explode? That depends on the non-agricultural data tomorrow night.
There will be no large fluctuations in the market before the non-agricultural data. Regardless of whether the data is bullish or bearish, it will be in the opposite direction to lure more and more before going unilaterally. Simplify the complexity and make orders based on technical aspects.
Strategy:
Aggressive current price is more than 29,000, stable near 28,820, and the target is near 29,500.