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FALLING WEDGE
USD/JPY
1H
There is a falling wedge coming out and the price requests a strong move as a clue of a breakout.
In case if price breaks out, the move could identify a sharp rise.
Usdjpy violates bearish trendline to 158 once beyond 157.6 as usdjpy challenges 157.6 hurdle.
RISING WEDGE
GBP/USD
1H
Gbpusd composes a rising wedge and gbpusd requests a bigger move as a clue of a breakdown.
A rising wedge is believed to be a bearish price action formation with an upward bias that can be used to spot that prices move counter to the prevailing price trend once price collapses through the support line.
Further decline towards the 1.324 mark is going to happen while below 1.3252 as the currency pair becomes capped.
DESCENDING TRIANGLE
EUR/USD
1H
Eurusd gives a descending triangle and the price is ready to break out soon.
A descending triangle provides a price action pattern that is used to signal prices are likely to keep falling downward if price breaks out to the the downside.
It is not ruled out that a rangebound towards the 1.136 zone will form.
RISING WEDGE
Crude Oil
USOIL
1H
There is a rising wedge exposed and crude-oil expects a further strong move as a clue of a breakdown.
A rising wedge suggests a bearish price action indicator that is used to indicate a potential reversal in price action in case if price breaks out.
It is not ruled out that a bearish run towards 93 will take place.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
A descending channel is discovered, the price is breaking out.
A descending channel identifies that prices move counter to the prevailing price trend when price breaks through the resistance.
Ethusd looks ready to further extend its gains towards 2700.
FALLING WEDGE
Ethereum
ETH/USD
1H
As we can see a falling wedge is almost done and the price requires an active move as a sign of a breakout.
A falling wedge typically spots an extension in the upward direction if price breaks through the resistance.
Ethusd does not rule out a move towards 2680 as ethusd resumes the upside.
SYMMETRICAL TRIANGLE
EUR/USD
1H
A symmetrical triangle is spotted.
If price breaks out to the the downside, the move could signal a sharp decline.
Eurusd to nosedive to the 1.137 zone on a breakout of the symmetrical triangle amid the currency pair recedes from tops.
BEARISH FLAG
EUR/USD
1H
It seems like eurusd completes a bearish flag, the price is ready to break out soon.
A bearish flag spots that prices move counter to the prevailing price trend in case if price breaks down.
Eurusd risks extending drop towards 1.137 as door open for a test of 1.137.
SYMMETRICAL TRIANGLE
GBP/USD
1H
We can see that a symmetrical triangle is very close to being completed, the price is about to break out.
A symmetrical triangle spots the more likely potential of rising prices when price breaks through the resistance.
It is likely that a move to 1.325 will take place on a breach of 1.3242.
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