USD/CAD: will 5-0 be realized?

USD/CAD: will 5-0 be realized?

Recommendations:

BUY 1.3435 SL 1.3380 TP 1.3650

BUY 1.3375 TP 1.3320 TP 1.3525

On USD/CAD daily chart, the 5-0 and Wolf Waves patterns are in the process of realization. If "bears" manage to test support levels at 1.3435 and 1.334, the target of Wolf Waves pattern will be fulfilled. In contrast, the rollback from 50% and 61.8% levels of the CB wave in the Shark pattern will allow the "bulls" to count on the restoration of the long-term uptrend.

On USD/CAD hourly chart, correction of the bullish trend continues. The rollback may end within the 161.8% target of the "Crab" pattern. It corresponds to the lower border of the upward trading channel.

cad

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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.

gbp

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