USD/CAD: sellers lost the initiative
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: euro is walking in corridors
Recommendation:
SELL 0.8800
SL 0.8855
TP1 0.8735 TP2 0.8695 TP3 0.8620
On the daily chart, EUR/GBP is making a long-term consolidation in the 0.87-0.9015 range within a “Spike and ledge” pattern on the basis of 1-2-3. Within it, the pair formed a medium-term consolidation range of 0.87-0.89. A break of its upper border will increase the odds of a “Crab” pattern with target at 161.8%.
On H1 of EUR/GBP, a break of support at 0.88 will trigger a “Shark” pattern with targets at 88.6% and 113% at 0.8735 and 0.8695. To continue the rally, bulls need to renew July high.
Ivan Karamazov
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On the daily chart, bears managed to move XAU/USD to 113% target of the “Double top”.
AUD/USD fell from the ledge
Bears managed to pull AUD/USD below the lower consolidation range of 0.732-0.7470 (a ledge) within the “Spike and ledge” pattern.
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EUR/USD: euro hung on Tenkan-Kijun
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 141.30
GBP/JPY broke support level 141…
USD/CHF: bears saw a dragon
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…
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