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ASCENDING CHANNEL
GBP/USD
1H
It looks like an ascending channel has been identified.
An ascending channel is believed to be a specific bearish signal that often spots an upward trend is nearing its end when price breaks below support.
Gbpusd now looks to 1.362.
ASCENDING TRIANGLE
EUR/USD
1H
As we can see an ascending triangle is almost completed.
Once price breaks out, the move could signal a bearish price move.
Eurusd set to plunge towards 1.188 on a breach of 1.1895.
PENNANT
GBP/USD
1H
Gbpusd shapes a pennant, the price asks for a more strong move as a clue of a breakdown.
A pennant often spots a next move down when price breaks through the support.
Gbpusd to head to 1.366 on a breakout of the pennant.
ASCENDING CHANNEL
Gold
XAU/USD
1H
It looks like an ascending channel pops up, the price demands a more bigger move to confirm a breakdown.
An ascending channel depicts a technical bearish formation that can be used to indicate a bearish move once price breaks out.
Gold could attempt a move towards the 5020 level as gold keeps the bid tone.
ASCENDING CHANNEL
EUR/USD
1H
There is an ascending channel distinguished and eurusd asks for a move as a sign of a breakout.
An ascending channel is believed to be a useful bearish chart indicator that typically predicts a bearish price action once price breaks down.
Eurusd risks a correction to 1.188 on a breakdown of the ascending channel.
SYMMETRICAL TRIANGLE
Bitcoin
BTC/USD
1H
There is a symmetrical triangle appearing and the price expects further active fall for the certainty of breakdown.
If price breakdown occurs, the resulting move could signal prices are likely to keep falling downward.
Btcusd does not rule out a move towards 68500.
BEARISH FLAG
GBP/USD
1H
A bearish flag appears, gbpusd asks for an active move to confirm a breakout.
A bearish flag suggests a compelling bearish price pattern that indicates extending an downtrend when price collapses through the support line.
Gbpusd risks extra downside towards 1.36 while lower than 1.366 as gbpusd failes to keep gains.
ASCENDING CHANNEL
Gold
XAU/USD
1H
An ascending channel develops, the price requests a steady move as a clue of a breakout.
An ascending channel is believed to be a technical price signal that typically indicates a bearish price move in case if price breaks out to the the downside.
Gold risks extra losses towards 5000 as gold probes 5030 hurdle.
RECTANGLE
Ethereum
ETH/USD
1H
It seems like the price sets up a rectangle, ethusd asks for more bigger pullback for the certainty of breakdown.
When price collapses through the support line, the resulting move could predict a further move down.
There is a possibility of a bearish continuation to the 2000 level.
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