Now I thought the whole picture of the market is clear:DXY or USD rise, EUR or AUD falls. - there is a bottom pattern ( you can see the link below) in Dollar. Meanwhile,there are a pattern top in EUR/USD -0.38% and a pattern in AUD/JPY . The meaning is that non-US currencies fell as the US dollar strengthened. The Australian currency has two top ( AUD/JPY ; AUD/USD ), confirming the signal again.
At the moment, mid-term conversion at 0.7530 can be seen as the first target with a trend-line below and a potential AB = CD pattern. But my direction is short, so the just gave me the target position to judge. If you measure the height of the double the distance, you can see 0.7450, the second short target , there is a potential pattern there.
This analysis is based on common patterns rather than . For the early AUD/USD , the first target has arrived. So I rethink the whole picture. This is my result.
Sorry for the late publishing, I already post it in Chinese version. I will keep it sync in the future.
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