Open:
High:
Low:
Close:
Gold: Ascending Channel
XAU/USD,
4 hours
SHORT
Oct 17
Gold builds an ascending channel.
When price collapses through the support line, the resulting move could signal a sharp decline.
Gold targets a move towards 4200 while below 4260 as gold becomes weaker.
Gold: Descending Channel
XAU/USD,
1 hour
LONG
Feb 29
Ethereum: Descending Channel
ETH/USD,
4 hours
LONG
May 8
A descending channel is identified.
When price breaks out to the the upside, the resulting move could indicate a bullish move.
There is a chance of a bullish continuation towards 1860 on a breach of 1840.
EUR/USD: Descending Channel
EUR/USD,
1 hour
LONG
Apr 2
Gold: Ascending Triangle
XAU/USD,
1 hour
LONG
Feb 29
Bitcoin: Descending Channel
BTC/USD,
1 hour
LONG
Jul 2
We can see that a descending channel is nearing completion, BTC/USD calls for a next active move as a sign of a breakout.
A descending channel can be thought of as a compelling price action pattern that often spots a move up in case if price breaks out.
BTC/USD to have better chances of advancing to the 106500 zone.
GBP/USD: Rectangle
GBP/USD,
1 hour
LONG
2 days ago
There is a rectangle spotted, the price is breaking out.
A rectangle is considered to be a chart signal that predicts a bullish price action if price breaks out to the the upside.
It is likely that a bullish price action towards 1.324 will form.
EUR/USD: Bearish Rectangle
EUR/USD,
1 hour
SHORT
Mar 28
There is a bearish rectangle spotted and the price requires a more active correction as a verification of a breakdown.
A bearish rectangle is believed to be a useful bearish pattern that typically indicates that the price to go down once price breaks out.
EUR/USD could attempt a move towards 1.0805 as outlook for the currency pair stays negative.
Bitcoin: Pennant
BTC/USD,
1 hour
LONG
Oct 15
There is a pennant identified and the price wants a more move as an indication of a breakout.
A pennant can be thought of as a specific pattern that typically results in a bullish price move when price breaks out.
BTC/USD to have better chances of advancing towards the 26900 zone as BTC/USD becomes bid.
Ethereum: Bullish Flag
ETH/USD,
4 hours
LONG
May 7
There is a bullish flag exposed, the price expects a next bigger move as a sign of a breakout.
A bullish flag provides a specific bullish formation that often results in a downward trend is about to reverse into an upnward trend once price breaks above resistance.
ETH/USD to extend its advance to 1840 on a breach of 1820.
Bitcoin: Descending Channel
BTC/USD,
1 hour
LONG
Jul 2
There is a descending channel forming, the price is about to break out.
A descending channel identifies extending an uptrend if price breaks out to the the upside.
BTC/USD to prolong the growth phase to 106500 once above 106300 as there is room for a upside correction.
Bitcoin: Rising Wedge
BTC/USD,
4 hours
SHORT
Jun 29
BTC/USD shapes a rising wedge and the price is going to break out.
If price breaks out, the move could spot a bearish price move.
BTC/USD to extend its setback towards 107000.