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RISING WEDGE
USD/JPY
1H
There is a rising wedge materializing, the price is about to break out.
A rising wedge often predicts a bearish price move once price breaks out.
Usdjpy is bearish and en route to 161.4 as the mood may get worse.
BEARISH FLAG
EUR/USD
1H
The price forms a bearish flag, the price is ready to break out now.
A bearish flag often predicts a bearish move when price breaks out.
It is possible that decline towards 1.144 will happen on a breakdown of the bearish flag.
PENNANT
EUR/USD
1H
It looks like eurusd establishes a pennant, the price is about to break out.
A pennant typically spots the bears have run out of steam when price breaks above resistance.
There is a possibility of a bullish continuation to 1.146 on a breach of 1.1456 as there is room for a upside correction.
ASCENDING TRIANGLE
GBP/USD
1H
An ascending triangle is close to being completed.
An ascending triangle is believed to be a technical signal that often spots an extension in the upward direction if price breaks out.
Gbpusd to continue the appreciation trend to 1.326 as bullish momentum increases.
ASCENDING CHANNEL
Crude Oil
USOIL
1H
We can see that crude-oil completes an ascending channel.
An ascending channel is said to depict a compelling bearish price action indicator that results in a bearish move if price breaks below support.
Crude-oil is bearish and en route towards 75 on a breakout of the ascending channel amid crude-oil recedes from tops.
RECTANGLE
Ethereum
ETH/USD
1H
There is a rectangle recognized, the price demands a strong bullish action as an information of a breakout.
A rectangle signals that the price will rally further when price breaks above resistance.
It is not ruled out that a bullish move to 1750 will form.
ASCENDING TRIANGLE
GBP/USD
1H
As we can see an ascending triangle occurs, gbpusd calls for a next strong move as proof of a breakdown.
In case if price collapses through the support line, the resulting move could identify an upward trend is about to reverse into an downward trend.
Gbpusd opens door for a move to 1.318 as gains remain capped.
SYMMETRICAL TRIANGLE
Gold
XAU/USD
1H
Gold sets up a symmetrical triangle and the price asks for a next active move as a signal of a breakout.
A symmetrical triangle identifies that the price to go long once price breaks out.
There is a possibility of a rangebound to 4220 on a upside break.
PENNANT
Bitcoin
BTC/USD
4H
It looks like a pennant is almost completed.
A pennant is said to depict a useful chart signal that can be used to signal an extension in the upward direction if price breaks through the resistance.
It is likely that a rangebound towards the 65000 level will form as bullish momentum increases.
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