On the daily chart of USD/CAD, the implementation of the "Bat" and AB=CD patterns continues.
GBP/USD: the pound is not afraid of waves
TP1 1.326 TP2 1.3435 TP3 1.35
On the daily chart of GBP/USD, the pair keeps reaching targets of the “Wolfe waves” pattern. To reach the 1.343 target, the pair needs to break the diagonal resistance (the upper boundary of the downward channel). At the same time, the rebound will give an initiative to bears.
On H1, there are senior and junior “Wolfe waves” patterns. Targets of both of them form the 1.332-1.334 convergence. To reach it, bulls need to break the resistance near 1.316.
On the daily chart of XAU/USD, the rebound from the support at 1,239 helped to open long positions.
On the daily chart of AUD/USD, the implementation of the purple "Shark" pattern with the 88.6% target continues.
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…