USD/CAD: there are uncertainties

USD/CAD: there are uncertainties


BUY 1.317 SL 1.3115 TP1 1.327 TP2 1.3315 TP3 1.35

SELL 1.305 SL 1.3105 TP1 1.295 TP2 1.2915 TP3 1.289

On the daily chart of  USD/CAD, bulls and bears are fighting for the upper boundary of the downward channel. Bulls are trying to pull the pair to the 113% target of the "Shark" pattern. Bears hope for a pullback within the transformation of the "Shark" pattern to 5-0.


In H1, the "Spike and ledge" pattern has been forming. If the pair leaves the 1.305-1.317 consolidation, chances that the pair will reach 113% targets of the junior and senior "Shark" patterns will increase.



How to trade EUR/GBP?

The way EUR/GBP bottomed around 0.8700, then rose above 0.8870 and jumped from the trendline support at 0.8910 shows that the pair possesses bullish momentum.

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