Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen.
EUR/JPY: bulls counterattack, but...
SELL 133.40 SL 133.95 TP1 132.40 TP2 131.30
SELL 134.20 SL 134.75 TP1 133.20 TP2 132.40 TP3 131.30
On the daily chart, EUR/JPY after reaching 113% target of the “Shark” made a natural pullback. Now it’s transforming into 5-0. Usually, correction towards 50% of the wave CD is used for selling.
On H1 of EUR/JPY, a break of resistance at 132 will trigger the “Shark” and increase the odds of the “Wolfe waves” pattern. The target of the later will allow finding a convergence area 134.15-134.3.
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with expanding channel Tenkan-Kijun.
On the daily chart, bulls are trying to return USD/CAD inside the long-term uptrend channel.
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...