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BULLISH FLAG
GBP/USD
1H
The price develops a bullish flag and the price is breaking out.
A bullish flag tends to be a useful price indicator that typically spots that the price to go up if price breaks out to the the upside.
Gbpusd advances higher to 1.346.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
4H
There is an ascending triangle emerging, btcusd lacks a further bearish action to confirm ascending triangle breakout.
An ascending triangle represents a useful formation that has an upward slope that is used to identify that the price to go short in case if price breakdown occurs.
Btcusd to drop towards the 75000 mark on a breakout of the ascending triangle.
PENNANT
GBP/USD
1H
As we can see gbpusd develops a pennant, the price needs a bigger correction as a signal of a breakdown.
A pennant describes a signal that is used to signal the bulls have run out of steam when price breaks through the support.
Gbpusd could recede towards 1.343 on a breach of 1.3442 as sell-off may continue.
ASCENDING TRIANGLE
USD/JPY
1H
An ascending triangle is close to being done and the price is close to breaking out now.
An ascending triangle represents a technical bullish chart indicator that is used to spot that prices are likely to keep rallying upward once price breaks above resistance.
Usdjpy pushes higher towards 159.4 on a breach of 159.36 as door open for the continuation of the uptrend.
ASCENDING CHANNEL
GBP/USD
4H
We can see that an ascending channel emerges and the price is about to break out.
When price breaks below support, the move could spot an upward trend is about to reverse into an downward trend.
Corrective downside towards the 1.344 mark looks likely once below 1.3445.
DESCENDING CHANNEL
EUR/USD
1H
A descending channel pops up and the price is going to break out now.
A descending channel suggests a specific price action pattern that is used to spot a bullish price action once price breaks above resistance.
It is possible that a further bullish run to 1.1645 will occur.
BEARISH FLAG
USD/JPY
1H
There is a bearish flag encountered, usdjpy requires an active move as proof of a breakout.
A bearish flag represents a compelling price indicator that often indicates that the price to go short in case if price breaks down.
Usdjpy now looks to 159.2.
BULLISH FLAG
EUR/USD
1H
There is a bullish flag noticed, the price demands more steady push up as a clue of a breakout.
A bullish flag can be thought of as a compelling price action pattern that is used to identify a bearish-to-bullish trend reversal in case if price breaks through the resistance.
It is likely that a bullish move to the 1.1645 level will form as the wind continues blowing in favor of eurusd.
BULLISH FLAG
GBP/USD
1H
A bullish flag has been recognized and the price needs a strong bullish move to confirm a breakout.
A bullish flag represents a reliable bullish price indicator that is used to spot the more likely potential of rising prices if price breaks above resistance.
It is likely that a bullish push up towards the 1.348 zone will form.
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