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BEARISH FLAG
USD/JPY
1H
As we can see a bearish flag arises.
A bearish flag provides a reliable bearish price action formation that is used to signal the bulls have run out of steam when price breaks out.
A rangebound to the 158.5 zone looks likely as minor hurdle remains at 158.7.
ASCENDING CHANNEL
USD/JPY
1H
It looks like the price gives an ascending channel.
An ascending channel represents a reliable bearish price formation that is used to predict the bulls have run out of steam when price breaks through the support.
Usdjpy to suffer a steeper decline towards 158.5 on a breach of 158.8 amid usdjpy recedes from recent highs.
DESCENDING CHANNEL
Gold
XAU/USD
1H
A descending channel is very close to being completed, the price is going to break out soon.
A descending channel typically predicts a potential bullish reversal in price action when price breaks out.
Gold does not rule out a move to 5180.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is an ascending channel revealed, the price is about to break out soon.
An ascending channel is considered to be a specific bearish formation that typically results in that the price to go down when price breaks down.
Extra downside to the 69000 zone is possible on a breakout of the ascending channel as weakness continues.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
It looks like ethusd builds an ascending channel and the price wants push down as an information of a breakout.
An ascending channel can be thought of as a useful formation that can be used to identify a bearish price action once price breakdown occurs.
It is likely that extra downside towards 2020 will take place.
ASCENDING CHANNEL
GBP/USD
4H
There is an ascending channel materializing, gbpusd needs an impulse down to confirm a breakdown.
An ascending channel depicts a bearish indicator that identifies a move down once price breaks out to the the downside.
Gbpusd does not rule out a move to 1.33 amid the currency pair recedes from tops.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
4H
There is an ascending triangle observed, the price is going to break out soon.
An ascending triangle identifies a specific indicator that typically predicts the more likely potential of falling prices in case if price breaks below support.
Btcusd to suffer further downside to the 69000 zone as bears looking for profit.
DESCENDING TRIANGLE
Gold
XAU/USD
1H
There is a descending triangle occuring.
A descending triangle tends to be a price action pattern that is used to indicate a further move down in case if price breaks through the support.
Gold hints a change to the downside towards 5140 on a breach of 5155.
ASCENDING TRIANGLE
Crude Oil
USOIL
1H
An ascending triangle has been spotted.
An ascending triangle spots a move up once price breaks above resistance.
Crude-oil to head to the 90 mark.
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