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BULLISH FLAG
Crude Oil
USOIL
1H
There is a bullish flag appearing, the price is about to break out soon.
A bullish flag represents a specific bullish price action pattern that typically results in a move up once price breaks through the resistance.
It is possible that a further bullish run towards the 87.5 zone will be made as the commodity resumes the upside.
SYMMETRICAL TRIANGLE
USD/JPY
1H
A symmetrical triangle is almost finished, the price is ready to break out.
A symmetrical triangle depicts a specific signal that can be used to predict a bullish move if price breaks through the resistance.
Usdjpy to maintain its positive tone towards 159.2 while above 159.05 as outlook for the currency pair stays positive.
DESCENDING CHANNEL
USD/JPY
4H
We can see that usdjpy builds a descending channel, the price wants bigger rise as a verification of a breakout.
In case if price breaks through the resistance, the move could predict a further move up.
Usdjpy to continue higher towards the 159.5 mark while above 158.9.
ASCENDING TRIANGLE
EUR/USD
1H
An ascending triangle turns up and eurusd requires a further strong move to confirm ascending triangle breakout.
In case if price breaks below support, the resulting move could predict extending an downtrend.
It is not ruled out that a bearish price action to the 1.168 mark will be made.
RISING WEDGE
GBP/USD
1H
There is a rising wedge taking place, the price demands a further bigger move to confirm rising wedge breakout.
A rising wedge represents a specific price action indicator that typically spots that the price to go short when price breaks out.
There is a probability of a bearish move to 1.362 as bearish momentum increases.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
There is an ascending channel exposed and the price is ready to break out soon.
An ascending channel depicts a reliable signal that is used to signal the bulls have run out of steam when price breaks out to the the downside.
Ethusd still risks a move to 2350.
PENNANT
Crude Oil
USOIL
1H
There is a pennant observed and crude-oil needs a move as an information of a breakout.
A pennant provides a bullish chart formation that is used to identify that the price to go long when price breaks out.
Crude-oil to surge considerably to 87 on a breach of 86.6 as extra rangebound not ruled out.
BEARISH FLAG
USD/JPY
1H
A bearish flag is encountered.
A bearish flag is said to depict a bearish price action formation that can be used to signal price heading to a new direction once price breaks out.
A bearish continuation towards 158.6 about to be made as usdjpy becomes weaker.
DESCENDING TRIANGLE
EUR/USD
1H
There is a descending triangle exposed.
Once price breaks out to the the upside, the resulting move could indicate that the price will rally further.
There is a possibility of a bullish run towards the 1.171 level on a breach of 1.1698 amid rising bets for the move.
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