Open:
High:
Low:
Close:
RECTANGLE
Bitcoin
BTC/USD
1H
A rectangle pops up, btcusd needs next bigger fall as evidence of a breakout.
A rectangle identifies a reliable price action pattern that can be used to indicate the bulls have run out of steam when price breaks out to the the downside.
Btcusd to slump towards the 76000 mark on a breakout of the rectangle as btcusd becomes weaker.
RECTANGLE
EUR/USD
1H
It looks like a rectangle has been noticed, the price is breaking out.
A rectangle spots a bearish price move when price breaks down.
Eurusd to prolong the corrective phase towards 1.1625 as the currency pair becomes under pressure.
RECTANGLE
Gold
XAU/USD
1H
It looks like a rectangle is almost finished, gold asks for a strong move as an information of a breakdown.
Once price breaks out, the move could identify prices are likely to keep falling downward.
It is possible that a rangebound to the 4510 mark will occur.
RECTANGLE
GBP/USD
1H
There is a rectangle arising.
A rectangle is considered to be a reliable bearish price action formation that can be used to identify a move down once price breakdown occurs.
A bearish price action towards the 1.346 mark is not ruled out on a breach of 1.3472 as gbpusd keeps the bid tone.
FALLING WEDGE
Ethereum
ETH/USD
1H
A falling wedge is almost finished, the price calls for next bigger rise to confirm a breakout.
A falling wedge tends to be a reliable price action signal that can be used to predict extending an uptrend once price breaks above resistance.
A bullish continuation to 2100 looks possible.
BULLISH RECTANGLE
USD/JPY
4H
It looks like the price creates a bullish rectangle and the price breaks out soon.
A bullish rectangle is believed to be a reliable pattern that often predicts that the price to go up when price breaks through the resistance.
There is a possibility of a bullish continuation to the 159.4 zone on a breach of 159.25.
ASCENDING CHANNEL
GBP/USD
4H
As we can see an ascending channel has been uncovered and gbpusd expects a strong move to confirm ascending channel breakout.
An ascending channel typically spots a temporary interruption of an existing trend when price breaks through the support.
Gbpusd points to the downside towards 1.346.
BULLISH FLAG
EUR/USD
1H
It seems like a bullish flag has been observed and eurusd requests a next active move as an information of a breakout.
A bullish flag tends to be a price indicator that identifies the more likely potential of rising prices if price breaks above resistance.
Eurusd to increase bullish potential towards 1.1645 on a breakout of the bullish flag.
ASCENDING CHANNEL
Gold
XAU/USD
1H
Gold forms an ascending channel.
An ascending channel is considered to be a specific price action indicator that can be used to predict a next move down in case if price breakdown occurs.
There is a probability of a bearish continuation to the 4500 level.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.