On the daily chart, bears tried to form “Three Indians”, 1-2-3 and “Bat” with 88.6% target but failed to bring USD/CAD to an important support at 1.2925.
AUD/USD: the aussie hunts the Shark
BUY 0.7435 SL 0.738 TP1 0.7535 TP2 0.7635
SELL 0.733 SL 0.7395 TP1 0.7265 TP2 0.723
On the daily chart of AUD/USD, bulls are trying to counterattack and implement the “Shark” pattern with 88,6% target. To do that, they need to break the resistance at 0.745 and pull the pair out of the downward channel. Conversely, if the pair breaks the June low, risks of an AB=CD pattern’s implementation will increase.
On H1, the 0.733-0.7435 consolidation is forming. An exit from the consolidation will determine the further direction of the pair.
On the daily chart, bears managed to move XAU/USD to 113% target of the “Double top”.
Bears managed to pull AUD/USD below the lower consolidation range of 0.732-0.7470 (a ledge) within the “Spike and ledge” pattern.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…