On the daily chart of AUD/USD, bulls still hope to implement the “Wolfe waves” pattern.
USD/CAD: bulls are having troubles
TP1 1.2420, TP2 1.2200
On the daily chart, we see a start of correction to the downtrend towards 23.6%, 38.2% and 50% of the wave CD. It became possible because the “Shark” pattern transformed into 5-0. To confirm their intentions, bulls need to lead the pair outside of the downtrend channel.
On H1, USD/CAD is forming the “Dragon” pattern. Usually the dragon's head forms in the convergence area on the levels of the dragon’s head (1.2610-1.2635). If bulls fail to get above the resistance, risks of the “rising wedge” will increase.
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…