Open:
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ASCENDING TRIANGLE
EUR/USD
1H
There is an ascending triangle observed and the price is going to break out soon.
An ascending triangle often predicts a sharp decline in case if price breaks out.
There is a chance of a bearish continuation to the 1.122 zone.
RECTANGLE
GBP/USD
1H
There is a rectangle detected.
A rectangle provides a price signal that is used to predict prices are likely to keep falling downward if price breaks through the support.
There is a possibility of extra downside towards 1.345 on a break below 1.3454.
SYMMETRICAL TRIANGLE
USD/JPY
1H
A symmetrical triangle is almost done, the price breaks out.
A symmetrical triangle often spots a move up if price breaks out to the the upside.
There is a possibility of a rangebound towards 158.6.
ASCENDING CHANNEL
EUR/USD
1H
There is an ascending channel happening and the price breaks out.
An ascending channel is considered to be a bearish formation that indicates a pause in an uptrending market if price breaks out to the the downside.
There is a possibility of corrective downside towards 1.122 while lower than 1.1235.
ASCENDING CHANNEL
GBP/USD
1H
There is an ascending channel recognized and the price expects next strong fall as an indication of a breakout.
An ascending channel often signals a next move down if price breaks down.
It is possible that corrective downside towards the 1.347 zone will form on a breakout of the ascending channel as gains remain capped.
ASCENDING CHANNEL
GBP/USD
1H
As we can see an ascending channel has been detected.
An ascending channel often indicates the more likely potential of falling prices once price breaks out.
It is likely that a move towards 1.348 will take place as door open for a test of 1.348.
BULLISH FLAG
Gold
XAU/USD
1D
A bullish flag pops up, the price requests a move for clear breakout confirmation.
A bullish flag is said to depict a technical price action signal that is used to identify a bullish price move in case if price breaks above resistance.
There is a possibility of a bullish continuation towards the 4100 mark on impulse above 4100.
BEARISH FLAG
Crude Oil
USOIL
1D
It looks like a bearish flag is nearing completion.
A bearish flag indicates a bearish price move if price breakdown occurs.
It is not ruled out that a bearish push down to the 90 zone will occur on a breach of 96 as bears looking for profit.
FALLING WEDGE
Ethereum
ETH/USD
1D
A falling wedge has been detected, ethusd calls for a more bullish impulse as evidence of a breakout.
Once price breaks out to the the upside, the resulting move could identify that prices are likely to keep rallying upward.
Ethusd opens door for a move to the 2400 mark once above 2300.
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