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GBP/USD: Bearish Flag
GBP/USD,
1 hour
SHORT
Mar 27
GBP/USD gives a bearish flag, GBP/USD wants more push down as an information of a breakdown.
A bearish flag represents a specific bearish signal that can be used to signal a further move down in case if price breaks out to the the downside.
GBP/USD to slump towards the 1.2615 zone on a break below 1.2618.
Bitcoin: Rectangle
BTC/USD,
1 hour
LONG
Jun 2
As we can see a rectangle appears, the price requests a strong bullish impulse as a verification of a breakout.
In case if price breaks above resistance, the resulting move could spot a further move up.
BTC/USD to surge considerably to 68000.
USD/JPY: Rising Wedge
USD/JPY,
1 hour
SHORT
Dec 7
There is a rising wedge detected.
A rising wedge provides a pattern that has an upward slope that is used to signal reversals in uptrends once price breakdown occurs.
USD/JPY does not rule out a move towards 147.1 on a downside break amid USD/JPY recedes from recent highs.
USD/JPY: Bearish Flag
USD/JPY,
1 hour
SHORT
Jun 3
There is a bearish flag forming, the price is ready to break out.
A bearish flag signals a break in the price direction once price breaks through the support.
It is possible that a bearish move to the 156.8 level will form on impulse below 156.9.
EUR/USD: Ascending Channel
EUR/USD,
1 hour
SHORT
Jan 30
There is an ascending channel developing, the price is ready to break out now.
An ascending channel is believed to be a reliable bearish price action signal that often spots a bearish move in case if price breaks below support.
EUR/USD set to lose more ground to the 1.038 level.
Ethereum: Rising Wedge
ETH/USD,
1 hour
SHORT
Jun 23
There is a rising wedge found.
A rising wedge typically results in reversals in uptrends if price collapses through the support line.
There is a possibility of a further move to 3490.
Bitcoin: Descending Triangle
BTC/USD,
4 hours
SHORT
Dec 3
A descending triangle is almost completed and the price is ready to break out now.
A descending triangle indicates that the price to go short once price collapses through the support line.
BTC/USD tests a move towards 94000 as gains remain capped.
GBP/USD: Ascending Channel
GBP/USD,
1 hour
SHORT
Dec 18
There is an ascending channel distinguished, the price calls for a steady bearish continuation for the certainty of breakdown.
An ascending channel is considered to be a specific chart signal that can be used to indicate a bearish price move once price breaks below support.
It is possible that extra downside towards 1.269 will be made while lower than 1.2696 as GBP/USD becomes weak.
Gold: Descending Triangle
XAU/USD,
1 hour
LONG
Dec 1
It seems like a descending triangle happens and XAU/USD requests a move to confirm descending triangle breakout.
A descending triangle often identifies extending an uptrend once price breaks out.
A rangebound towards the 2062 zone is likely to happen as XAU/USD resumes the upside.
EUR/USD: Ascending Channel
EUR/USD,
1 hour
SHORT
Jun 7
It looks like EUR/USD builds an ascending channel and EUR/USD needs next fall for clear breakdown confirmation.
An ascending channel typically predicts a countertrend succeeding the current trend in case if price collapses through the support line.
It is not ruled out that a bearish run towards the 1.086 zone will form on a downside break.
Bitcoin: Symmetrical Triangle
BTC/USD,
1 hour
LONG
Jan 1
It seems like a symmetrical triangle has been diagnosed and the price asks for a next move as a signal of a breakout.
If price breaks through the resistance, the resulting move could identify the more likely potential of rising prices.
BTC/USD embarks on a bullish correction towards the 42800 level.
Ethereum: Ascending Channel
ETH/USD,
1 hour
SHORT
Jan 7
As we can see an ascending channel is close to being complete.
An ascending channel suggests a technical formation that often predicts a further move down once price breaks down.
It is likely that extra downside towards the 3660 zone will occur.