On the daily chart of XAU/USD, bears have tried to implement the “Shark” pattern
GBP/USD: bears-bulls -5:0
On the GBP/USD daily chart, the bulls failed to consolidate above the 1.256 and 1.259 resistance levels. it is a signal of bulls' weakness and of the heightened risks of the transformation of the "Shark" pattern into 5-0. The pullback towards the support at 1.234 with the simultaneous return of quotes to the borders of the previous downward trading channel will be another signal of the restoration of downtrend.
On the GBP/USD hourly chart, the formation of the expanding wedge reversal pattern is almost completed. Rollbacks towards 23.6%, 38.2% and 50% levels from the 4-5 wave can be used for the opening of short positions.
Recommendations: SELL 1,2435 SL 1,249 TP1 1,234 TP2 1,225, SELL 1,247 SL 1,2525 TP 1,234.
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…