There is a rectangle noticed and GBP/USD expects a further active move as evidence of a breakout.
A rectangle is considered to be a useful price formation that is used to predict a next move up when price breaks out to the the upside.
It is possible that a further bullish run to the 1.272 zone will form.
Bitcoin: Rectangle
BTC/USD,
1 hour
SHORT
Feb 20
It looks like a rectangle emerges.
A rectangle often identifies a sharp decline in case if price breaks below support.
BTC/USD risks extending drop towards 51400 on a breach of 51550.
USD/JPY: Ascending Channel
USD/JPY,
1 hour
SHORT
Sep 20
An ascending channel appears and USD/JPY demands a more strong move for the certainty of breakout.
An ascending channel indicates a move down if price breaks below support.
A bearish continuation towards 147.6 is probable.
EUR/USD: Falling Wedge
EUR/USD,
4 hours
LONG
4 days ago
Ethereum: Ascending Triangle
ETH/USD,
1 hour
LONG
May 14
An ascending triangle has been identified.
An ascending triangle typically predicts extending an uptrend in case if price breaks out to the the upside.
A bullish price action to 1815 is on the cards.
USD/JPY: Descending Channel
USD/JPY,
1 hour
LONG
Feb 2
There is a descending channel determined and USD/JPY lacks a further active impulse up to confirm descending channel breakout.
A descending channel results in a break during a downtrending market when price breaks through the resistance.
USD/JPY could attempt a move towards 146.6 on a breakout of the descending channel.
Crude Oil: Ascending Channel
USOIL,
1 hour
SHORT
Dec 12
An ascending channel is close to being complete and the price is ready to break out soon.
An ascending channel spots an upward trend is nearing its end when price breaks out to the the downside.
A bearish continuation towards 70.6 is not ruled out as USOIL challenges 70.85 hurdle.
Ethereum: Ascending Channel
ETH/USD,
1 hour
SHORT
Sep 24
An ascending channel comes out and the price requires a next bigger move as an indication of a breakdown.
An ascending channel identifies a specific bearish signal that identifies a move down if price breaks out.
ETH/USD to suffer further downside towards 1590.
EUR/USD: Pennant
EUR/USD,
1 hour
SHORT
Jan 16
A pennant is close to being done.
A pennant often results in extending an downtrend when price breaks down.
EUR/USD risks extra downside towards the 1.094 mark on a breach of 1.0944.
Bitcoin: Bullish Flag
BTC/USD,
1 hour
LONG
Feb 26
BTC/USD gives a bullish flag and the price demands an active move as a clue of a breakout.
A bullish flag represents a reliable chart signal that is used to indicate a sharp rise in case if price breaks above resistance.
It is not ruled out that a bullish move towards the 51800 level will form on a breach of 51550.
EUR/USD: Bullish Flag
EUR/USD,
1 hour
LONG
Jul 12
There is a bullish flag materializing.
A bullish flag identifies a specific bullish price pattern with a downward bias that often signals a move up once price breaks above resistance.
A bullish continuation to 1.103 looks likely on a breach of 1.1018.
EUR/USD: Descending Channel
EUR/USD,
4 hours
LONG
Feb 16
A descending channel emerges, the price is about to break out now.
A descending channel is a specific indicator that typically predicts a break during a downtrending market if price breaks above resistance.
EUR/USD to move upward to the 1.08 level.
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