FX:USDCAD -broke out and retested the long term wedge.
I think Its targeting to test the daily 200 MA on 1.3585 or 1.35 and finally filling the gap of 1.3440 of 2020.03.09
The Reward to risk ratio is 1:1.5
current price : 1.3715 , stop 1.3850 , tp = 1.3500
I think BTCusd is forming a head and shoulder pattern and I am waiting for the break of the neckline to go short on confirmation.
for the target I hope it can return back to the 200 EMA on around 9330.
and so the stop can be on the last high at around 9650 and confirmation entry will be around 9575.
so SL = 75 , tp =~ 220 . so the r/r > 3
I think EurAud has broken a major trend line on daily chart. and after breakout it has returned to the trend line and tested it. ( waves 1 and 2 - or correction waves of A-B ) anyways atleast it can go from 1.5633 to 1.5300 which is a 300 pips movement.
there is a strong trendline and support area on daily and h4 timeframes and also there is a head and shoulder pattern that can be a good opportunity for sell from below 1.5340 to target of 1.53 and below.
AudCad seems to be at the bottom of a channel , which fits to the fibo 0.618 of wave 3 ,
so there may be a small sell opportunity from current 0.9890 to 0.9840 ( 50 pips ) then in case the channel breaks the pair can go further down. but in case wave 4 completes and wave 5 starts the pair can grow to 1.0166 which can be a double bottom pattern too.