The price creates a bullish flag and the price requires a steady move for clear breakout confirmation.
A bullish flag often results in a pause in a downtrending market if price breaks out.
GBP/USD violates bearish trendline to 1.28 as risk reversal sheds bearish bias.
GBP/USD: Bearish Rectangle
GBP/USD,
1 hour
SHORT
Apr 12
As we can see the price forms a bearish rectangle, GBP/USD wants a next bearish action for clear breakout confirmation.
A bearish rectangle is believed to be a technical bearish price pattern that predicts prices are likely to keep falling downward if price breaks out to the the downside.
Decline towards 1.25 looks likely while lower than 1.2515.
GBP/USD: Bearish Flag
GBP/USD,
1 hour
SHORT
Sep 20
There is a bearish flag revealed, the price is breaking out.
A bearish flag can be thought of as a technical bearish price action pattern with an upward bias that predicts a bearish price move in case if price breaks out.
A bearish move towards 1.237 is on the cards.
GBP/USD: Ascending Channel
GBP/USD,
1 hour
SHORT
2 days ago
GBP/USD gives an ascending channel.
An ascending channel can be thought of as a reliable formation that is used to spot a next move down once price breaks down.
GBP/USD to drop to the 1.289 level as GBP/USD challenges 1.2896 hurdle.
GBP/USD: Rectangle
GBP/USD,
1 hour
SHORT
2 days ago
We can see that a rectangle has been noticed, the price requests a strong move for the certainty of breakdown.
A rectangle is considered to be a specific chart indicator that can be used to predict that the price to go down in case if price breaks below support.
Corrective downside to 1.288 is on the cards once below 1.2884.
GBP/USD: Rectangle
GBP/USD,
1 day
LONG
Jul 11
We can see that GBP/USD creates a rectangle and the price requests a strong move as evidence of a breakout.
A rectangle typically indicates an extension in the upward direction when price breaks through the resistance.
There is a probability of a bullish continuation to 1.285.
GBP/USD: Falling Wedge
GBP/USD,
4 hours
LONG
Dec 12
There is a falling wedge noticed and GBP/USD needs a next move as an information of a breakout.
A falling wedge results in a countertrend succeeding the current trend once price breaks out.
GBP/USD to strengthen to 1.26.
GBP/USD: Descending Triangle
GBP/USD,
4 hours
SHORT
3 days ago
A descending triangle appears, the price is ready to break out soon.
In case if price breakdown occurs, the move could indicate extending an downtrend.
GBP/USD does not rule out a move to the 1.288 level.
GBP/USD: Descending Channel
GBP/USD,
1 day
LONG
Feb 23
There is a descending channel noticed and the price is close to breaking out now.
A descending channel provides a specific pattern that is angled down that can be used to spot a breakout higher if price breaks out to the the upside.
GBP/USD to recover bullish potential towards the 1.27 zone once above 1.264 as GBP/USD becomes bullish.
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.
GBP/USD: Descending Channel
GBP/USD,
1 hour
LONG
22 hours ago
As we can see the price builds a descending channel.
A descending channel typically signals a next move up when price breaks out.
GBP/USD turns higher to 1.287 as bulls look for entries.
GBP/USD: Ascending Channel
GBP/USD,
1 day
SHORT
Mar 22
There is an ascending channel arising.
An ascending channel often results in a bearish price action once price breaks down.
GBP/USD challenges a move to 1.26 on a breakout of the ascending channel.
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GBP/USD