On the daily chart of USD/CAD, after the pair reached the 1.3285-1.3315 convergence (targets of "Shark" and "Wolfe waves" patterns), a logical pullback happened.
GBP/USD: pound goes south
SELL 1.4080 SL 1.4135 TP1 1.3980 TP2 1.3845 TP3 1.3690
SELL 1.3935 SL 1.3990 TP1 1.3845 TP2 1.3690 TP3 1.3555
On the daily chart of GBP/USD, the inability of bulls to settle above an important level of 1.4050 points at their weakness. A successful test of the lower border of the short-term uptrend channel will increase the risks of the pair going to 88.6% target of the “Bat”.
On H1, GBP/USD has reached the target of the “Wolfe waves” pattern. A break of support at 1.3935 or the recoil down from the upper border of the descending channel will open the way down for bears.
Recommendation: BUY 1225 SL 1210 TP1 1248 TP2 1255 TP3 1263 On the daily chart of XAU/USD, bears couldn't keep the pair within the 1185-1215 consolidation…
Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen.
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...