When you encounter a little warmth, you think it is true love. When you see a little pullback, you think the bears are coming. Little do you know that they are all gentle knives!
Returning to 30,000 is within expectations. The recent bullish strength of the market, even the sideways trading on weekends as usual, the volatility of the currency price is still very strong under this structure. Although there is no update on the weekend, our stone plate has been on the trend of the K-line. While constantly doing it, the holiday is also very good. Roughly calculated, there is about 800 points of space. At the beginning of the new week, our layout ideas cannot be left behind.
From the perspective of technical structure, at the four-hour level, although there was a slight correction after touching 30,000, the currency price still maintained at the upper track consolidation, and the strength of the correction was not as significant as we imagined. Monday was a critical stage of change, and we need to pay special attention to it. The short volume continued to increase, but the moving averages have begun to show signs of turning. As time goes by, the rebound to touch around 28,500 again should not be a problem. Therefore, our layout ideas on Monday can continue to focus on retracement and long positions.
Operation suggestion: Buy around 29800-29700
The target is 30500-30700 range. Defend 29400. If it breaks, 31000 will be the target.
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