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ASCENDING TRIANGLE
EUR/USD
1H
We can see that an ascending triangle has been recognized, eurusd requests a bigger move as proof of a breakout.
In case if price breaks out, the move could identify a sharp rise.
A bullish continuation to the 1.192 level about to be made.
RISING WEDGE
EUR/USD
1H
There is a rising wedge found, the price is close to breaking out.
A rising wedge tends to be a compelling signal that can be used to indicate extending an downtrend when price breaks down.
There is a chance of a bearish push down to 1.186 on a breakout of the rising wedge.
RECTANGLE
EUR/USD
1D
There is a rectangle taking place, the price calls for a more steady move as a signal of a breakout.
A rectangle is said to depict a compelling bullish price action pattern that can be used to indicate that the price to go up in case if price breaks through the resistance.
Eurusd to move up to 1.185 on a breach of 1.18.
ASCENDING CHANNEL
EUR/USD
1H
There is an ascending channel poping up and the price wants a next bigger move to confirm ascending channel breakdown.
If price breakdown occurs, the move could spot a temporary interruption of an existing trend.
There is a probability of a bearish move towards the 1.172 mark on a breakout of the ascending channel as bears looking for profit.
BULLISH FLAG
EUR/USD
1H
A bullish flag happens, the price is ready to break out.
When price breaks above resistance, the resulting move could signal a bullish move.
A further bullish push up towards 1.172 stays on the cards.
BULLISH FLAG
EUR/USD
1H
There is a bullish flag encountered, eurusd lacks a next steady bullish action as an information of a breakout.
A bullish flag identifies a further move up if price breaks through the resistance.
Eurusd to accomodate to the 1.172 zone on a breakout of the bullish flag.
RECTANGLE
EUR/USD
1H
It seems like the price builds a rectangle.
A rectangle is said to depict a useful price pattern that can be used to identify that the price to go short once price breakdown occurs.
There is a chance of a bearish price action towards 1.168.
ASCENDING TRIANGLE
EUR/USD
1H
It looks like an ascending triangle is discovered and eurusd wants a more strong bearish action as a sign of a breakdown.
An ascending triangle is considered to be a technical bearish price pattern that is used to indicate that the price to go short if price collapses through the support line.
Eurusd to move downward towards the 1.17 zone.
PENNANT
EUR/USD
1H
As we can see the price shows a pennant.
A pennant is believed to be a compelling bullish price pattern that is used to indicate that the price to go long if price breaks out.
There is a probability of a bullish price action to the 1.174 level while above 1.1725.
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