The price completes a pennant, the price breaks out.
A pennant typically signals that the price to go short when price breaks through the support.
GBP/USD set to fall to the 1.229 level as there is a chance of further weakness.
GBP/USD: Ascending Triangle
GBP/USD,
1 hour
SHORT
Nov 30
There is an ascending triangle emerging.
An ascending triangle represents a bearish indicator that is used to signal a further move down if price breakdown occurs.
GBP/USD to move downward to 1.269.
GBP/USD: Descending Channel
GBP/USD,
1 hour
LONG
Sep 27
We can see that a descending channel emerges and the price is going to break out soon.
A descending channel represents a compelling bullish price pattern that typically results in a potential bullish reversal in price action when price breaks through the resistance.
GBP/USD could attempt a move towards 1.216 on a breach of 1.214 as outlook for the currency pair stays positive.
GBP/USD: Descending Triangle
GBP/USD,
1 hour
SHORT
Sep 1
We can see that a descending triangle is close to being finished and the price lacks a next steady move for the certainty of breakout.
In case if price breaks below support, the move could indicate a next move down.
GBP/USD to nosedive to the 1.264 level on a breakout of the descending triangle.
GBP/USD: Ascending Channel
GBP/USD,
1 hour
SHORT
Dec 4
It seems like an ascending channel is exposed and the price breaks out soon.
If price breakdown occurs, the resulting move could signal a further move down.
Extra downside towards the 1.26 mark looks probable.
GBP/USD: Pennant
GBP/USD,
1 day
LONG
Nov 3
As we can see a pennant develops.
In case if price breaks above resistance, the move could signal that the price to go long.
There is a chance of a bullish price action to the 1.23 level on a breakout of the pennant.
GBP/USD: Ascending Channel
GBP/USD,
1 hour
SHORT
Dec 20
As we can see an ascending channel has been spotted.
An ascending channel is said to depict a price action signal that predicts a further move down in case if price breakdown occurs.
GBP/USD to suffer a steeper decline towards the 1.27 zone.
GBP/USD: Ascending Channel
GBP/USD,
1 hour
SHORT
Oct 31
The price forms an ascending channel, the price is going to break out soon.
An ascending channel describes a useful chart indicator that indicates that the price to go short in case if price breaks below support.
GBP/USD set to extend its decline to 1.212 on a breakout of the ascending channel.
GBP/USD: Pennant
GBP/USD,
1 hour
LONG
Apr 12
As we can see the price sets up a pennant.
In case if price breaks out, the resulting move could predict a further move up.
GBP/USD to recover bullish potential to 1.246 on a breakout of the pennant as extra rangebound not ruled out.
GBP/USD: Descending Channel
GBP/USD,
4 hours
LONG
Jan 5
As we can see GBP/USD establishes a descending channel, the price is about to break out soon.
A descending channel suggests a price action formation that often indicates that the price to go long if price breaks above resistance.
GBP/USD looks ready to further extend its gains towards the 1.275 mark as indicators turn bullish.
GBP/USD: Ascending Triangle
GBP/USD,
1 hour
SHORT
Mar 15
An ascending triangle materializes.
Once price breaks out, the resulting move could indicate a sharp decline.
It is possible that a bearish run towards 1.214 will take place on impulse below 1.2155 as GBP/USD becomes depressed.
GBP/USD: Falling Wedge
GBP/USD,
1 hour
LONG
Sep 27
There is a falling wedge revealed, GBP/USD calls for more rise as a clue of a breakout.
A falling wedge often indicates price heading to a new direction if price breaks out.
GBP/USD turns higher to the 1.216 zone on a breakout of the falling wedge.
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