On the daily chart of XAU/USD, bears have tried to implement the “Shark” pattern
EUR/GBP: fighting for the initiative
SELL 0.8645 SL 0.87 TP1 0.8555 TP2 0.852 TP3 0.8455
BUY 0.8795 SL 0.874 TP1 0.8895 TP2 0.893
In the daily chart of EUR/GBP, the inability of bulls to reach resistance at 0.88, conquer it and trigger the “Shark” pattern pointed at their weakness. Bears returned the initiative and are ready to reach 200% targets of the junior and senior AB=CD.
On H1 of EUR/GBP, only a break of resistance at 0.8795 will allow bulls to count on the formation of the inverted “Head and Shoulders” and the “Shark”. On the other hand, a decline below support at 0.8645 will open the way down for the pair.
On the daily chart of USD/CAD, the “Three drives” pattern keeps forming.
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen.
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…