Open:
High:
Low:
Close:
RECTANGLE
GBP/USD
1H
A rectangle forms and gbpusd demands a further move as an indication of a breakout.
A rectangle is believed to be a compelling price action signal that often results in that the price to go up once price breaks above resistance.
A rangebound towards 1.335 looks probable on a breach of 1.3344.
DESCENDING CHANNEL
Gold
XAU/USD
1H
There is a descending channel happening.
A descending channel is said to depict a chart formation that is used to indicate a bullish price action if price breaks above resistance.
There is a probability of a further bullish continuation to 4100 on a breakout of the descending channel.
FALLING WEDGE
EUR/USD
1H
We can see that a falling wedge has been recognized, the price demands a further bullish impulse as an information of a breakout.
A falling wedge identifies a useful chart formation that identifies a move up once price breaks through the resistance.
Eurusd to look for a further push towards the 1.14 zone on a breakout of the falling wedge.
ASCENDING TRIANGLE
USD/JPY
1H
There is an ascending triangle exposed and the price is about to break out.
Once price breakdown occurs, the move could indicate the more likely potential of falling prices.
There is a probability of a bearish continuation towards 163.65 on a breakout of the ascending triangle as door open for a test of 163.65.
FALLING WEDGE
Bitcoin
BTC/USD
4H
As we can see the price builds a falling wedge.
If price breaks through the resistance, the move could predict that the price to go long.
There is a probability of a bullish price action to the 65000 zone on a breakout of the falling wedge as weakness seen overdone.
RISING WEDGE
Ethereum
ETH/USD
1H
There is a rising wedge revealed, the price requires a further strong move as a clue of a breakout.
A rising wedge suggests a useful bearish signal that often identifies that the price to go short once price breaks through the support.
Ethusd to increase bearish potential towards the 1870 mark on a breakdown of the rising wedge as upside pressure seen easing.
RISING WEDGE
Bitcoin
BTC/USD
1H
We can see that a rising wedge is close to being finished.
Once price collapses through the support line, the move could identify an extension in the downward direction.
Btcusd is at risk of extending its slump to the 64400 zone.
RECTANGLE
Bitcoin
BTC/USD
1H
As we can see a rectangle is close to being finished and the price is close to breaking out soon.
A rectangle is believed to be a bullish price action signal that is used to predict an extension in the upward direction in case if price breaks through the resistance.
Btcusd advances higher towards the 64500 level once beyond 64450.
DESCENDING TRIANGLE
Ethereum
ETH/USD
4H
It looks like the price composes a descending triangle, ethusd wants a further bullish action for clear breakout confirmation.
A descending triangle represents a useful price action signal that often spots an extension in the upward direction in case if price breaks out to the the upside.
There is a chance of a move towards the 1900 mark on a upside break.
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