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/USD: the euro follows the “Shark”
TP1 1.1755 TP2 1.178 TP3 1.182
On the daily chart of EUR/USD, the downward triangle is forming. If bears break its bottom line, the AB=CD pattern with the 200% target will be implemented. Vice versa, if the pair goes out of the downward channel and breaks the resistance at 1.1755, it will increase chances of the bullish long-term trend’s recovery.
On H1, bears can’t pull the pair out of the upward channel, it signals their weakness. Bears try to play back "Wolfe waves" and "Sharks" patterns.
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…