MACD is starting positive divergence, RSI has just recovered
Price hit bottom of price channel then bounce back.
Long UCAD at 1.2518, TP 200 pips, SL 150 Pips
after Bullish Bat pattern, EURUSD may follow H&S course , target 1.174 (major support)
Recoomendation: long EURUSD at 1.174 and lower with target 1.1876
USDJPY may follow H&S pattern, possible price course: goes up to 112.8x (left shoulder lower than right) than starts to fall, time frame: 1 - 2 weeks
RSI is at major support, Price fell below EMA 200
Trading plan: short USDJPY at 112.8x
USDCAD may fall to 1.2665 then rise back to 1.2934, timing corresponding to FOMC
This pattern is also compatible with price channel and lagging indicator such as Stochastics and MACD
GBPUSD may complete Bullish bat pattern when reaching 1.3258 (CD leg), corresponding to edge of up trendline in D1 chart.
MACD, stochastics signals negative divergence - lagging down signal
EURGBP retreated to bottom of price channel, could form whipsaw before recovering. target price: 0.8784. Both stochastics and RSI 4H are in oversold zone, signaling possible recovery
Fundamental: negative news from UK PM and DUP about North Irelands "hard border" would shrink GBP, fundamental of EUR remains solid
EURGBP is completing butterfly pattern (Harmonic pattern) left wing already reached 0.786 and 0.886, right wing is going to complete pattern, right wing is going to complete pattern if EURGBP decreases to 0.8756 (also bottom of trading channel since 9/2017)
Long 1 mio at current price, strong buy at 0.8756
