GBP/CHF falling inside minor impulse 3 Next sell target - 1…
USD/CAD: loonie aims for a break
TP1 1.2825 TP2 1.2805
On the daily chart of USD/CAD, bears launched an attack thanks to the formation of “Three Indians” and 1-2-3. A break of the diagonal support near 1.2925 will increase the odds of a “Bat” with a target at 88.6%. On the other hand, a pullback will allow bulls to counterattack.
On H1, USD/CAD keeps forming a “Bat” and AB=CD. When it reaches the convergence area of 1.2805-1.2825 (88.6% and 224% targets), there’s a high probability of a recovery.
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…