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BEARISH FLAG
GBP/USD
1D
We can see that a bearish flag is almost done and the price is going to break out now.
If price collapses through the support line, the move could predict reversals in uptrends.
Gbpusd to extend its setback to 1.31 as minor hurdle remains at 1.322.
ASCENDING CHANNEL
Crude Oil
USOIL
1H
An ascending channel happens and the price lacks a more move for clear breakout confirmation.
An ascending channel identifies a move down in case if price breaks out.
A further move towards the 88 mark is a possibility on a breach of 88.6.
DESCENDING TRIANGLE
EUR/USD
1H
A descending triangle emerges and the price is ready to break out now.
A descending triangle often results in that the price to go short once price breaks out to the the downside.
Eurusd to prolong the corrective phase towards the 1.104 level on a breach of 1.1048.
DESCENDING TRIANGLE
GBP/USD
1H
There is a descending triangle emerging, the price needs a further active move as evidence of a breakout.
A descending triangle typically identifies a bearish price move in case if price collapses through the support line.
There is a chance of a bearish move to 1.322 on a breach of 1.3224.
RISING WEDGE
USD/JPY
1H
It seems like a rising wedge materializes, usdjpy requests a further active move for clear breakout confirmation.
A rising wedge typically identifies an interruption of an uptrend when price breaks below support.
Usdjpy pulls away from recent highs towards the 159.6 level on a breakdown of the rising wedge.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
As we can see a descending channel comes out, btcusd demands a bigger bullish impulse for clear breakout confirmation.
A descending channel spots a bullish price move in case if price breaks out to the the upside.
Btcusd is bullish and en route towards 72000 amid btcusd recovers from recent lows.
DESCENDING TRIANGLE
GBP/USD
1H
There is a descending triangle taking place, the price needs a next strong bullish action as proof of a breakout.
In case if price breaks above resistance, the move could spot that prices are likely to keep rallying upward.
There is a possibility of a further bullish run towards the 1.324 zone once above 1.3232.
DESCENDING TRIANGLE
GBP/USD
1H
As we can see a descending triangle is very close to being completed, gbpusd lacks a further active bearish continuation as an information of a breakdown.
A descending triangle is said to depict a compelling bearish price pattern that can be used to spot a bearish price action if price breaks out to the the downside.
Gbpusd to suffer further downside to 1.322 as the currency pair becomes weak.
DESCENDING CHANNEL
GBP/USD
1H
A descending channel appears and the price expects a more bullish action to confirm descending channel breakout.
A descending channel typically results in the bears have run out of steam when price breaks above resistance.
Gbpusd looks ready to further extend its gains to 1.326.
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