On the daily chart of USD/CAD, the implementation of the "Bat" and AB=CD patterns continues.
USD/JPY: yen has a chance
SELL 108.35 SL 108.90 TP1 107.2 TP2 106.95 TP3 106.05
BUY 109.05 SL 108.5 TP1 109.95 TP2 110.3 TP3 111.15
On the daily chart of USD/JPY, a “Shark” is transforming into 5-0. Pullbacks towards 23.6%, 38.2% and 50% of the wave CD are usually used for opening long positions. A decline below 78.6% and 88.6% signals the resumption of the long-term downtrend.
On H1, USD/JPY bulls are getting ready to form the reversal pattern “Wolfe waves” and try to resume the short-term uptrend with its help. On the other hand, a break below support at 108.35 will open the way down to the pair.
On the daily chart of XAU/USD, the rebound from the support at 1,239 helped to open long positions.
On the daily chart of AUD/USD, the implementation of the purple "Shark" pattern with the 88.6% target continues.
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…