Cable created two beautiful bearish patterns. The first one is the Head-and-Shoulders and the second one is the wedge. Both of them resulted with a downswing. Currently, the price is aiming a very important support – long-term up trendline. Any bullish reversal pattern should be a strong buy signal here.
USD/CAD also created a Head and Shoulders pattern. The price already broke the neckline and tested it as a resistance. Currently, we are still making lower lows and highs, which increases the chances for a further drop. Sentiment is negative.
Last instrument is the CAD/JPY, which has a very technical buy signal. We broke the mid-term down trendline, neckline of the Inverted Head and Shoulders pattern and the horizontal resistance on the 82.75. All of those resistances were later tested as supports. That is just a pure price action masterpiece and we should see a further rise.
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