Open:
High:
Low:
Close:
PENNANT
GBP/USD
4H
It looks like a pennant is nearing completion.
A pennant results in a move up if price breaks out to the the upside.
There is a possibility of a move towards 1.35.
FALLING WEDGE
GBP/USD
1H
A falling wedge develops.
A falling wedge often identifies an extension in the upward direction if price breaks out.
It is possible that a bullish continuation towards 1.341 will occur while above 1.3398.
FALLING WEDGE
GBP/USD
1H
A falling wedge is distinguished.
A falling wedge suggests a bullish chart pattern that often spots a bullish price move when price breaks out to the the upside.
Gbpusd violates bearish trendline to 1.341 on a breach of 1.3398.
DESCENDING CHANNEL
GBP/USD
4H
There is a descending channel developing.
A descending channel typically predicts a next move up when price breaks out to the the upside.
Gbpusd tests a move towards the 1.345 zone as outlook for gbpusd stays positive.
DESCENDING TRIANGLE
GBP/USD
1H
Gbpusd sets up a descending triangle and the price is ready to break out soon.
A descending triangle identifies an extension in the downward direction when price collapses through the support line.
It is likely that extra downside towards 1.338 will form as extra rangebound not ruled out.
SYMMETRICAL TRIANGLE
GBP/USD
1H
A symmetrical triangle arises and the price breaks out soon.
A symmetrical triangle tends to be a reliable signal that typically spots the bears have run out of steam once price breaks through the resistance.
There is a possibility of a move towards 1.342 on a breach of 1.3405.
ASCENDING TRIANGLE
GBP/USD
1H
It seems like the price shapes an ascending triangle.
Once price breaks out, the resulting move could identify that the price to go short.
It is possible that a bearish push down towards 1.338 will take place once below 1.34.
ASCENDING CHANNEL
GBP/USD
1H
As we can see an ascending channel has been found, the price is ready to break out.
An ascending channel denotes a bearish indicator that is used to indicate a further move down in case if price breakdown occurs.
Gbpusd points to the downside towards 1.338 on a breakout of the ascending channel.
DESCENDING CHANNEL
GBP/USD
1H
As we can see a descending channel develops and gbpusd expects a more bullish action to confirm a breakout.
A descending channel often identifies a downward trend is about to reverse into an upnward trend if price breaks through the resistance.
A bullish move to the 1.34 mark looks possible.
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