Lanson_Chen

Lanson_Chen Updated 

can long @1.3115

Lanson_Chen

1H MACD is above 0-axis

Lanson_Chen

you can short now, or long after retest 1.2950

Lanson_Chen

Now it is going to retest previous high to consolidate the hike, which is @ 101.1. if you think too risky to catch the retrace, then ignore it and long when it reach 50%~61.8%

Lanson_Chen

1.1230~50

Lanson_Chen

50% entracement is @ 7600, 61.8% is @7620

Lanson_Chen

also MACD will retest zero-axis. if breaking up the zero-axis, stop loss

Lanson_Chen

see chart

Lanson_Chen

the cross spot of two trend line

Lanson_Chen

see chart

Lanson_Chen

just go back to upper band of the channel

Lanson_Chen

but only use half of your fund, it might still possible to test 1340

Lanson_Chen

since oil is dropping, USD/CAD is likely to go up. 1st target is 100% extension which is @1.3050

Lanson_Chen

SInce gold is dropping, JPY is likely to depreciated as well. Although it look quite flat now, but extreme low ATR suggests that large movement is on the way soon. might have chance to go up to 104

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which is @1.1325

Lanson_Chen

If a lower low does not firmly occurs, it might be another fake breakthrough, don't get fooled by the US stock market in current unnatural situation.

Lanson_Chen

1st target is 50% which is @ 1.121, 2nd target is 1.118

Lanson_Chen

target is 7536