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ASCENDING TRIANGLE
USD/JPY
1H
It looks like an ascending triangle forms and usdjpy needs a steady bullish impulse as a verification of a breakout.
An ascending triangle is a specific price action signal that can be used to identify that the price will rally further in case if price breaks above resistance.
Usdjpy to have better chances of advancing to 159.3.
ASCENDING TRIANGLE
USD/JPY
1H
It seems like an ascending triangle has been found and usdjpy requires a bigger bearish move for clear breakdown confirmation.
An ascending triangle is an indicator that results in an extension in the downward direction once price breaks out.
There is a possibility of a bearish move towards 158.8 as usdjpy probes 158.9 hurdle.
DESCENDING CHANNEL
USD/JPY
4H
The price establishes a descending channel.
A descending channel represents a chart indicator that often results in a bullish move if price breaks through the resistance.
Usdjpy to push up to 159.5 on a breach of 159.2.
DESCENDING CHANNEL
Crude Oil
USOIL
4H
A descending channel forms.
A descending channel often signals a downward trend is about to reverse into an upnward trend if price breaks out.
It is likely that a rangebound towards the 90 zone will occur while above 87.
RISING WEDGE
Bitcoin
BTC/USD
1H
A rising wedge is observed, the price is ready to break out now.
A rising wedge describes a technical bearish pattern that is used to predict a bearish price move if price breaks down.
Btcusd could recede to the 75500 mark.
ASCENDING CHANNEL
Gold
XAU/USD
4H
There is an ascending channel spotted, gold asks for a bigger correction as an information of a breakdown.
An ascending channel results in a further move down if price breaks out to the the downside.
A bearish price action to 4750 about to be made as upside pressure mitigates.
PENNANT
GBP/USD
1H
A pennant is close to being done.
A pennant identifies a reliable bearish chart indicator that often results in that the price to go short when price breaks below support.
It is likely that a further move to 1.35 will happen as minor hurdle remains at 1.352.
PENNANT
USD/JPY
1H
A pennant is determined and the price calls for more strong fall as proof of a breakout.
A pennant is a reliable price action signal that can be used to spot a move down in case if price breaks out.
Usdjpy is at risk of resuming its decline towards 158.5.
PENNANT
Ethereum
ETH/USD
1H
There is a pennant forming.
In case if price breaks out, the resulting move could identify a move up.
Ethusd opens door for a move towards 2340 on a breakout of the pennant.
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