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BULLISH FLAG
USD/JPY
1D
A bullish flag has been encountered and the price is about to break out.
In case if price breaks through the resistance, the resulting move could identify that the price to go up.
A move towards 158.5 is on the way on a upside break.
RISING WEDGE
GBP/USD
1H
It seems like a rising wedge comes out and gbpusd expects a further active move to confirm rising wedge breakout.
A rising wedge is considered to be a compelling price action pattern that is used to spot a move down if price breaks down.
Gbpusd set to lose more ground to the 1.3415 mark as the currency pair looks offered.
ASCENDING CHANNEL
GBP/USD
4H
There is an ascending channel noticed and gbpusd wants a further active move for clear breakout confirmation.
Once price breaks out, the move could spot a next move down.
Gbpusd to increase bearish potential to 1.34 as weakness continues.
DESCENDING TRIANGLE
EUR/USD
1H
There is a descending triangle found and the price is about to break out.
A descending triangle tends to be a useful bullish price action formation that is angled down that spots a change in price direction once price breaks through the resistance.
There is a possibility of a bullish price action to 1.12.
DESCENDING TRIANGLE
Gold
XAU/USD
1H
There is a descending triangle uncovered.
A descending triangle is considered to be a chart formation that often spots a bullish price move if price breaks above resistance.
A bullish move to the 3960 zone about to be made on impulse above 3950.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
4H
As we can see a descending triangle is close to being completed.
Once price breaks through the resistance, the resulting move could indicate a break in the price direction.
There is a probability of a bullish move to 78000 once beyond 77600.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
The price sets up a descending channel.
A descending channel is said to depict a compelling price action signal that indicates a bullish price move in case if price breaks out.
Btcusd hints a change to the upside towards 77500 on a breach of 77200 as uptrend may continue.
DESCENDING TRIANGLE
Ethereum
ETH/USD
4H
There is a descending triangle observed and the price calls for further strong rise as proof of a breakout.
A descending triangle signals a bullish move in case if price breaks above resistance.
Ethusd points to the upside towards the 2350 mark on a breakout of the descending triangle as ethusd nears 2290 hurdle.
ASCENDING TRIANGLE
EUR/USD
1H
There is an ascending triangle spotted.
An ascending triangle often results in a sharp decline if price breaks below support.
It is possible that a rangebound towards 1.118 will happen on a breach of 1.119.
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