AUD/USD: trading opportunuties
On the daily chart, AUD/USD pulled back after reaching 113% target of the “Double top”.
USD/CAD: bulls are counting on a triangle
Recommendation:
SELL 1.2505 SL 1.256 TP 1.231 TP2 1.218
SELL 1.255 SL 1.261 TP 1.245 TP2 1.231
On the daily chart, USD/CAD bears managed to renew the long-term low. This increases the risks of the continuation of the decline to 1.2310, 1.2180 and 1.2040. Never the less, we can’t exclude the possibility of a short-term pullback because of the inside bar.
On H1, bears returned the pair inside the descending channel. This is a sign of their strength. At the same time, a break of the upper border of the triangle will create the risks of a pullback towards 1.2501-1.2507 and 1.254-1.2559.
Ivan Karamazov
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Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen but narrowing channel Tenkan-Kijun.
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GBP/JPY broke support level 141.30
GBP/JPY broke support level 141…
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