USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
EUR/GBP: bulls restore the trend
BUY 0.907 SL 0.9015 TP1 0.917 TP2 0.922 TP3 0.93
On the daily chart of EUR/GBP, the reversal towards the 23.6% target of the CD wave as a part of the "Shark" pattern's transformation into the 5-0 one helped to open long positions. If December's maximum is updated, the odds of the AB=CD pattern's implementation with the 127.2% target will increase. This target complies with the 0.922 level.
On H1, the 113% target of the "Shark" pattern followed by the reversal towards the 23.6% target of the CD wave was reached. It helped bulls to push the pair further. For now, they plan to continue moving up towards the 200% target of the AB=CD pattern.
Last week NZD/USD once again met resistance in the 0.6155 area. As you can see from the chart, this area stopped the pair twice before within the recent month.
It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
Oil prices have been climbing up for a long time. What have stopped them?
There has been some movement in the EUR/USD chart. What's happening?
There was a notable reversal in the stock market on Wednesday. Have you noticed the reversal chart patterns?