Second half of the year = L O N G!
Soon we will reach 6448. This level was my TP, which I predicted on April 10th. As long as we see the thick red cloud on a weekly basis, there is a reasonable likelihood of falling prices. Break and Close on a weekly basis over 7K would deny this view.
First confirmation - on a daily basis: Break and Close under 1.60125!
Pay attention....!!! Next resistance we find at 1.7765. If GBP-CAD does not close above the redbox this week (month), then it could lead to falling prices. Red lines are the TP levels
This medium term trade would be good only for the patient traders. The chart shows 4 TP levels. SL under 108
Ichimoku current status: Weekly - the cloud is red and quite thick and therefore a pretty strong resistance. Monthly - cloud is also red plus Tenkan / Kijun = short signal is still active. For these reasons, a correction of the bullish movement since Jan to March would be possible to correct 62%. If the price develops according to the chart, then we could expect...
The power elite wants to clone everything, so here's a variant with the cloned left side. Why not? This scenario is only applicable if we see Break and Close below 1.1118 on a monthly basis (May?) Seeing in 4 years, EURUSD could stand at 1.4939.
As long as DOW does not establish a break and close below 26k (Weekly), everything stays on long mode.
I think in the next 3 months this currency pair will not be lower than 77.44 and not higher than 81.28 If I'm right, then only in the second half of June - a multi-week short @ 81.09 - would be advisable.