Recommendation: BUY 0…
USD/CAD: loonies is caught by sharks
SELL 1.2490 SL 1.2545 TP1 1.239 TP2 1.229 TP3 1.2190
BUY 1.2665 SL 1.2610 TP1 1.2765 TP2 1.2895
On the daily chart, USD/CAD the inability of bulls to return the pair inside the previous consolidation range of 1.2670-1.2895 was the first signal of their weakness.
On H1, if USD/CAD breaks below support at 1.2560 and 1.2490, the risks of the pair getting to 88.6% of the junior “Shark” pattern. To continue rising and reach 88.6% target of the senior “Shark” pattern, the pair has to convincingly rise above resistance at 1.2665.
On H1 of EUR/USD, bulls want to trigger “Wolfe waves” pattern with a target at the line 1-4. At the same time, if the pair doesn’t leave the downtrend channel, their plans will fail.
Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…
The European Central Banks left its key interest rates…