On the daily chart of XAU/USD, bears have tried to implement the “Shark” pattern
GBP/USD: the pound is waiting for a rebound
BUY 1.377 SL 1.3715 TP1 1.387 TP2 1.397 TP3 1.407
SELL 1.415 SL 1.4205 TP1 1.405 TP2 1.395 TP3 1.385
On the daily chart of GBP/USD, the pair reached targets of the “Shark” pattern. Its 88.6% target matches the level of the diagonal support in the form of the upward channel’s bottom line. There is a possibility of a rebound and a recovery of the bullish trend from that level.
On H1, the “Broadening wedge” pattern was formed. A pullback to 38.2% and 50% levels from the 4-5 wave is used for selling, a break of the resistance at 78.6% and 88.6% is used for buying.
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…