A rectangle occurs.
A rectangle suggests a specific price action signal that results in that the price to go long if price breaks through the resistance.
GBP/USD looks ready to further extend its gains towards the 1.24 mark.
GBP/USD: Descending Channel
GBP/USD,
4 hours
LONG
Mar 3
There is a descending channel turning up and the price is close to breaking out.
A descending channel identifies a useful price action formation that has a downward slope that is used to predict a bullish price move if price breaks through the resistance.
There is a possibility of a bullish move to the 1.268 zone on impulse above 1.267.
GBP/USD: Falling Wedge
GBP/USD,
4 hours
LONG
Dec 11
As we can see a falling wedge pops up, GBP/USD wants a steady move as a verification of a breakout.
When price breaks out to the the upside, the resulting move could spot a further move up.
GBP/USD does not rule out a move to the 1.26 mark on a upside break.
GBP/USD: Descending Triangle
GBP/USD,
1 hour
LONG
May 30
A descending triangle pops up and the price breaks out.
A descending triangle describes a specific bullish chart formation that typically signals extending an uptrend in case if price breaks out.
It is not ruled out that a bullish continuation to 1.236 will occur.
GBP/USD: Falling Wedge
GBP/USD,
1 hour
LONG
Jun 4
The price establishes a falling wedge.
A falling wedge can be thought of as a useful price action indicator that can be used to spot a move up once price breaks out.
GBP/USD to look for a further push towards 1.353 as GBP/USD sticks to the positive mood.
GBP/USD: Descending Channel
GBP/USD,
1 hour
LONG
Oct 11
As we can see a descending channel pops up and the price asks for an active move as an information of a breakout.
A descending channel can be thought of as a reliable bullish signal that is used to identify that the price to go up if price breaks above resistance.
GBP/USD challenges a move towards the 1.31 mark while above 1.308.
GBP/USD: Rectangle
GBP/USD,
1 hour
SHORT
Aug 10
The price shows a rectangle and the price breaks out soon.
A rectangle is a technical bearish signal that often identifies a bearish move if price breaks out to the the downside.
GBP/USD to extend the correction lower to 1.27.
GBP/USD: Bearish Flag
GBP/USD,
1 hour
SHORT
Sep 20
A bearish flag is close to being finished, the price calls for a further bigger move as a clue of a breakdown.
A bearish flag is said to depict a compelling chart indicator that is used to indicate a trend change to the downside if price breakdown occurs.
GBP/USD risks extra downside to the 1.234 mark.
GBP/USD: Descending Triangle
GBP/USD,
1 hour
LONG
Jun 30
There is a descending triangle developing and the price is close to breaking out now.
A descending triangle identifies extending an uptrend once price breaks out.
GBP/USD does not rule out a move to the 1.374 level.
GBP/USD: Rising Wedge
GBP/USD,
4 hours
SHORT
Oct 1
It seems like a rising wedge has been noticed.
If price collapses through the support line, the move could predict that prices move counter to the prevailing price trend.
GBP/USD to turn bearish to the 1.33 mark.
GBP/USD: Ascending Channel
GBP/USD,
1 hour
SHORT
22 hours ago
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.
GBP/USD: Rising Wedge
GBP/USD,
4 hours
SHORT
Aug 22
A rising wedge comes out and the price is ready to break out.
A rising wedge provides a bearish indicator that results in that prices move counter to the prevailing price trend if price breaks out.
GBP/USD to maintain its negative tone towards 1.274 as the currency pair becomes vulnerable.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
GBP/USD