USD/JPY: the yen liked the “Shark”
On the daily chart of USD/JPY, there is the rally to 200% target of the AB=CD pattern.
USD/CAD: bears got scared of a Shark
Recommendation:
SELL 1.2675
SL 1.273
TP1 1,2575
TP2 1.249
TP3 1.245
On the daily chart, USD/CAD keeps forming the 5-0 pattern. Recoil from convergence area at 1.2737-1.2765 allowed bears to try to resume the downtrend. If the pair renews low at 1.2525, it will increase odds of the continuation of the decline. On the other hand, if prices leave the short-term descending trend channel, a consolidation between 1.2525 and 1.2765 may develop.
On H1, a successful attack on resistance at 1.2595-1.2610 will trigger the inverse “Shark” pattern with 88.6% target. The inability of bulls to hold the pair above 1.2595 will point at their weakness.
Ivan Karamazov
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EUR/JPY: bulls make a trap
On the daily chart of EUR/JPY, the pair keeps going up to 127.2% and 88.6% targets of “Perfect butterfly” and “Shark” patterns.
GBP/USD: pound on new lows
Expanding bearish Ichimoku Cloud with horizontal Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen.
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EUR/USD: euro hung on Tenkan-Kijun
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 141.30
GBP/JPY broke support level 141…
USD/CHF: bears saw a dragon
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…
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