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BULLISH FLAG
AUD/USD
1H
There is a bullish flag discovered, audusd demands a more move as an information of a breakout.
A bullish flag identifies a price action signal that is used to identify extending an uptrend if price breaks above resistance.
There is a possibility of a bullish move towards 0.7 on a breach of 0.699.
DESCENDING TRIANGLE
GBP/JPY 1H
Gbpjpy sets up a descending triangle, gbpjpy requests a next move as a sign of a breakout.
A descending triangle typically identifies a move up in case if price breaks out to the the upside.
A further bullish push up towards the 213 level is probable on a breakout of the descending triangle as indicators favor bulls.
PENNANT
AUD/USD
1H
It seems like a pennant pops up, the price needs a more bigger bullish continuation as evidence of a breakout.
A pennant results in extending an uptrend if price breaks above resistance.
Audusd points to the upside towards 0.698 on a breach of 0.697.
PENNANT
AUD/USD
1H
It looks like a pennant is nearing completion and the price requests a bearish action for the certainty of breakdown.
Once price breaks out, the resulting move could signal extending an downtrend.
Audusd turns lower towards 0.696 on a break below 0.696.
FALLING WEDGE
USD/CHF
1H
There is a falling wedge turning up, the price is ready to break out soon.
A falling wedge describes a reliable chart pattern that is used to identify that the price will rally further when price breaks through the resistance.
A bullish move towards 0.79 is on the cards.
ASCENDING TRIANGLE
GBP/JPY 1H
There is an ascending triangle noticed.
Once price breaks out, the resulting move could spot a sharp decline.
Gbpjpy to head towards the 212 mark on a breakout of the ascending triangle.
DESCENDING CHANNEL
USD/CAD 1H
There is a descending channel uncovered.
A descending channel identifies a compelling price formation that can be used to identify extending an uptrend in case if price breaks above resistance.
Usdcad to strengthen to 1.378 on a break above 1.376.
DESCENDING CHANNEL
USD/CAD 1H
The price builds a descending channel, usdcad needs a strong bullish move as a clue of a breakout.
A descending channel identifies a price indicator that typically indicates an extension in the upward direction if price breaks through the resistance.
Usdcad to strengthen towards the 1.376 mark.
DESCENDING CHANNEL
EUR/USD
1D
There is a descending channel coming out, eurusd calls for a next strong move as proof of a breakout.
A descending channel describes a signal that is used to spot a change in price direction if price breaks out to the the upside.
It is possible that a move towards the 1.17 mark will be made.
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