A descending triangle is diagnosed.
A descending triangle can be thought of as a specific signal that is used to signal a further move down if price breaks out.
EUR/USD looks for a setback to 1.07 once below 1.0704.
EUR/USD: Rectangle
EUR/USD,
1 hour
LONG
Nov 13
There is a rectangle observed and the price requests a further bigger bullish continuation as a sign of a breakout.
A rectangle depicts a useful bullish pattern that can be used to predict a sharp rise if price breaks out to the the upside.
EUR/USD pushes higher towards 1.071 on a upside break.
Crude Oil: Descending Triangle
USOIL,
1 hour
SHORT
May 30
A descending triangle is diagnosed and USOIL requests a bigger correction to confirm a breakout.
When price breaks out to the the downside, the move could predict that the price to go short.
It is likely that a move to 71 will occur on a breakdown of the descending triangle.
Ethereum: Descending Channel
ETH/USD,
1 hour
LONG
Nov 5
It seems like the price forms a descending channel, the price expects a further steady move to confirm descending channel breakout.
A descending channel denotes a technical price action indicator that results in a bullish move once price breaks through the resistance.
ETH/USD to continue the appreciation trend towards 2480.
USD/JPY: Ascending Channel
USD/JPY,
1 day
SHORT
Jan 28
It seems like the price sets up an ascending channel and the price is ready to break out soon.
An ascending channel often results in extending an downtrend when price collapses through the support line.
A rangebound to the 155 mark looks possible on a breach of 155.5 as the currency pair becomes weak.
GBP/USD: Ascending Channel
GBP/USD,
1 hour
SHORT
6 days ago
It looks like an ascending channel has been identified.
When price breaks through the support, the move could identify a next move down.
It is likely that corrective downside to the 1.24 level will happen on a breakdown of the ascending channel.
GBP/USD: Bearish Rectangle
GBP/USD,
1 hour
SHORT
Apr 12
As we can see the price forms a bearish rectangle, GBP/USD wants a next bearish action for clear breakout confirmation.
A bearish rectangle is believed to be a technical bearish price pattern that predicts prices are likely to keep falling downward if price breaks out to the the downside.
Decline towards 1.25 looks likely while lower than 1.2515.
Ethereum: Rectangle
ETH/USD,
4 hours
SHORT
Mar 15
It seems like the price forms a rectangle, the price calls for a bigger correction to confirm a breakdown.
A rectangle tends to be a reliable price pattern that often identifies a bearish move in case if price collapses through the support line.
A move towards the 3700 mark is a possibility.
Gold: Descending Channel
XAU/USD,
1 hour
LONG
Dec 13
A descending channel has been diagnosed.
A descending channel represents a specific bullish price formation that has a downward slope that predicts extending an uptrend once price breaks out to the the upside.
There is a probability of a bullish price action towards 2000 on a break above 1997.5.
Gold: Bearish Flag
XAU/USD,
1 hour
SHORT
Jan 5
As we can see a bearish flag is close to completion.
A bearish flag is a reliable bearish formation that is used to signal that prices move counter to the prevailing price trend once price collapses through the support line.
XAU/USD risks further decline towards the 2046 mark on a breakdown of the bearish flag.
Bitcoin: Bearish Flag
BTC/USD,
1 hour
SHORT
Sep 30
There is a bearish flag occuring.
A bearish flag is said to depict a specific price action formation that has an upward slope that indicates a move down when price breaks out.
It is likely that a move to 65500 will take place on a break below 65540.
EUR/USD: Falling Wedge
EUR/USD,
1 day
LONG
Jan 7
There is a falling wedge materializing and EUR/USD calls for a bit more consolidation as a sign of a breakout.
A falling wedge indicates a bullish price action in case if price breaks out.
There is a chance of a bullish continuation to 1.05 as extra rangebound not ruled out.
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