Opportunity to sell the CAD

Opportunity to sell the CAD

Recommendation:

BUY 1.301

SL 1.2955

TP1 1.311 TP2 1.315 TP3 1.3315

On the daily chart of USD/CAD, bulls continue implementing the “Wolfe waves” pattern and are going to implement the “Shark” patterns.  At first, they need to break above the Pin Bar near 1.301. The Pin Bar creates risks of the bearish counterattack.

usdcad_d.png

On H1, there is the “Wolfe waves” pattern. A break above the 2-3 line near the resistance at 1.301 will become a signal to buy. The upper boundary of the downward channel will become the smallest target for the pair.  

usdcad_60.png

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How to trade EUR/GBP?

The way EUR/GBP bottomed around 0.8700, then rose above 0.8870 and jumped from the trendline support at 0.8910 shows that the pair possesses bullish momentum.

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