As the night passed, the market also experienced a small short-term decline. The currency price also entered a state of shock and consolidation after ushering in a wave of retracement to lows near 26620 and 1633.
As a partial correction after the continuous rise of the big positive line, the current space is small, which is a correction method of strong horizontal consolidation. The daily and weekly lines are expected to break higher and rise further. Pay attention to the resumption of volume after this short pause. Today and tomorrow are the time to increase volume. The consolidation period in a strong market usually lasts no more than three days. After the strong rise in the 4-hour chart, the bears retreated to consolidate, and the midnight retracement was only for the bulls to accumulate enough momentum for the next rally, so that the indicator could not be corrected. Today, we do not rule out continuing to consolidate at a high level. The retracement is also confirmed by a small step back, and the market continues after a strong break high. Currently, the middle track of Bollinger Bands is used as a defensive point for bulls, and it is also today's reference position for entering bulls, which is around 26640 and around 1635. Of course, we must also combine the intraday pattern and see the strength of the correction. If it goes straight higher after strong consolidation and correction, we need to readjust the long position. In terms of operation, maintaining the callback and going long is the main idea.
Big pie idea suggestion: Now 26714 can be directly multi-targeted near 27800.
Auntie: Now 1633 has multiple targets near 1680.
The above are only personal opinions and for reference only. The specific strategies are mainly based on actual trading strategies. Any analysis ideas before the market comes out are just suggestions!