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.
EUR/GBP: bulls have control
Recommendation: BUY 0.8835 SL 0.878 TP1 0.893 TP2 0.907 TP3 0.917
On the daily chart of EUR/GBP, bulls have finally managed to bring the pair out of the consolidation range between 0.87 and 0.8835. The pair reached 78.6% target of the “Gartley” pattern. The continuation of the rally will lead to the transformation of the “Gartley” into the “Crab” pattern with the target at 161.8%.
On H1, EUR/GBP left the consolidation range and triggered AB=CD with a target at 161.8%. Pullbacks and rebounds from important support levels may be used for buying.
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…