EUR/GBP is tired of corridors
On the daily chart, EUR/GBP has been stuck in the 0…
USD/CAD: bears are weak
Recommendations:
BUY 1.305 SL 1.2985 TP1 1.313 TP2 1.317 TP3 1.328
SELL 1.275 SL 1.2805 TP1 1.265 TP2 1.259 TP3 1.244
On the daily chart of USD/CAD, bears tried to return the pair to the triangle many times but failed. It shows a weakness of bears. If the pair breaks the resistance at 1.305, it will be able to go to 127.2% and 200% targets of senior and junior AB=CD patterns.
On H1, bears will control the trading until the pair is below 1.275. If the pair breaks the support at 1.275, the “Broadening wedge” pattern will be implemented.
Ivan Karamazov
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EUR/USD found a double bottom
On the daily chart of EUR/USD, bulls are trying to form a double bottom with the help of a bar with the long lower shadow. Bears are still hoping to trigger AB=CD pattern with targets 127.2%, 161.8%, and 200%.
GBP/USD: bulls got a strength for correction
Narrowing bearish Ichimoku Cloud with rising Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen.
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