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ASCENDING TRIANGLE
GBP/USD
4H
There is an ascending triangle exposed and gbpusd asks for a next strong move as a sign of a breakout.
An ascending triangle provides a technical chart signal that can be used to identify the more likely potential of falling prices in case if price breaks out to the the downside.
A bearish run towards 1.33 is about to happen.
PENNANT
GBP/USD
1H
There is a pennant found.
A pennant denotes a specific bullish formation that can be used to indicate that the price will rally further once price breaks out.
Gbpusd to move upward to 1.334 on a breakout of the pennant.
FALLING WEDGE
GBP/USD
1H
As we can see a falling wedge has been exposed.
If price breaks through the resistance, the resulting move could indicate the more likely potential of rising prices.
Gbpusd points to the upside towards the 1.333 zone as bulls lurking in demand zone.
DESCENDING TRIANGLE
GBP/USD
1H
There is a descending triangle determined, the price needs a bigger correction as an indication of a breakdown.
A descending triangle predicts a move down when price collapses through the support line.
Gbpusd to extend its setback towards 1.331 once below 1.332.
FALLING WEDGE
GBP/USD
1H
As we can see a falling wedge has been noticed and the price requires a next active move to confirm falling wedge breakout.
A falling wedge is believed to be a compelling bullish price action formation that is angled down that typically results in that prices move counter to the prevailing price trend once price breaks out.
Gbpusd opens door for a move to 1.336 on a break above 1.3348.
ASCENDING CHANNEL
GBP/USD
1H
An ascending channel is uncovered.
An ascending channel identifies a reliable indicator that typically signals a temporary interruption of an existing trend if price breaks through the support.
It is not ruled out that a bearish price action to the 1.332 mark will happen.
ASCENDING CHANNEL
GBP/USD
1H
It seems like an ascending channel takes place, gbpusd asks for an active move as a signal of a breakout.
An ascending channel tends to be a bearish price action signal that predicts price reversal after a pause once price collapses through the support line.
It is possible that a further rangebound to 1.33 will be made.
DESCENDING CHANNEL
GBP/USD
1D
A descending channel has been found.
A descending channel tends to be a technical bullish formation that is used to identify that the price to go long once price breaks above resistance.
Gbpusd to prolong the growth phase towards 1.33 as there is a chance for a upside correction.
RECTANGLE
GBP/USD
1H
A rectangle is revealed, gbpusd requires a more bigger move as an information of a breakout.
A rectangle is considered to be a pattern that results in that the price to go up in case if price breaks through the resistance.
It is not ruled out that a rangebound towards 1.326 will be made while above 1.325.
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