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BEARISH FLAG
Bitcoin
BTC/USD
1H
There is a bearish flag detected.
A bearish flag is believed to be a specific pattern that is angled up that is used to spot a bearish price move once price breaks out to the the downside.
There is a possibility of a rangebound to 76500.
ASCENDING CHANNEL
EUR/USD
1H
An ascending channel materializes, the price calls for a steady move as an indication of a breakdown.
An ascending channel is a specific price action signal that can be used to spot a bearish price action if price breaks down.
Eurusd risks extending drop towards 1.159 on a break below 1.1596 as sell-off may continue.
ASCENDING CHANNEL
GBP/USD
1H
An ascending channel has been discovered and gbpusd requests a move as a verification of a breakout.
An ascending channel provides a compelling bearish chart formation that is angled up that signals a further move down when price breaks out to the the downside.
Gbpusd to experience further corrective weakness to the 1.34 mark as the currency pair becomes capped.
ASCENDING CHANNEL
GBP/USD
1H
We can see that gbpusd shapes an ascending channel.
An ascending channel identifies a move down in case if price breaks out to the the downside.
It is likely that corrective downside towards 1.342 will be made.
DESCENDING TRIANGLE
USD/JPY
1H
There is a descending triangle determined, the price breaks out.
Once price breaks out to the the upside, the move could spot a move up.
A move towards the 159.2 mark looks probable once beyond 159.15.
BEARISH FLAG
EUR/USD
1H
There is a bearish flag forming and the price asks for a next move as proof of a breakout.
A bearish flag identifies a next move down when price breaks out to the the downside.
Eurusd opens door for a move towards 1.16 on impulse below 1.161.
BEARISH FLAG
Gold
XAU/USD
1H
There is a bearish flag developing and the price requests a bigger impulse down for the certainty of breakdown.
A bearish flag often identifies a move down if price breaks out to the the downside.
There is a probability of a bearish continuation to the 4500 zone on a break below 4520.
RISING WEDGE
Ethereum
ETH/USD
1H
There is a rising wedge found, ethusd asks for a bigger bearish move as an indication of a breakout.
A rising wedge describes a bearish price indicator that is used to identify a bearish price action once price breaks down.
Ethusd still risks a move to 2120.
RECTANGLE
Gold
XAU/USD
1H
A rectangle develops.
A rectangle spots a further move up when price breaks through the resistance.
Gold opens door for a move towards the 4560 zone as there is room for a upside correction.
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