There is a pennant observed, the price requests bigger push down as a signal of a breakout.
When price breaks below support, the move could predict the more likely potential of falling prices.
GBP/USD is at risk of extending its slump towards the 1.266 mark.
GBP/USD: Rising Wedge
GBP/USD,
1 hour
SHORT
Mar 4
GBP/USD builds a rising wedge and GBP/USD asks for an active bearish action for clear breakout confirmation.
When price breakdown occurs, the move could spot that the price to go down.
It is likely that a bearish price action to 1.268 will form on a breach of 1.269.
GBP/USD: Descending Channel
GBP/USD,
1 hour
LONG
Oct 4
GBP/USD composes a descending channel, the price calls for a bullish move as evidence of a breakout.
A descending channel denotes a technical price action pattern that has a downward slope that often identifies a tendency to break in the opposite direction in case if price breaks above resistance.
GBP/USD is bullish and en route to 1.21 on a breakout of the descending channel.
GBP/USD: Descending Channel
GBP/USD,
1 hour
LONG
Apr 24
We can see that a descending channel is nearing completion.
A descending channel identifies an interruption of a downtrend when price breaks above resistance.
It is likely that a bullish push up towards 1.246 will be made.
GBP/USD: Bullish Flag
GBP/USD,
1 hour
LONG
May 9
We can see that a bullish flag arises and the price is ready to break out.
A bullish flag is believed to be a technical bullish chart formation that has a downward slope that typically indicates price heading to a new direction if price breaks above resistance.
A rangebound to 1.264 looks probable.
GBP/USD: Bullish Flag
GBP/USD,
4 hours
LONG
Mar 4
It looks like a bullish flag is distinguished and GBP/USD demands a move to confirm a breakout.
A bullish flag can be thought of as a useful price pattern with a downward bias that can be used to identify that the price to go long once price breaks out to the the upside.
A further move towards 1.268 is on the way.
GBP/USD: Ascending Channel
GBP/USD,
1 hour
SHORT
Dec 12
There is an ascending channel encountered, GBP/USD requests a next active move as a clue of a breakdown.
An ascending channel denotes a reliable bearish signal that can be used to predict a bearish price action once price breakdown occurs.
It is not ruled out that a bearish run towards 1.253 will be made on a breakout of the ascending channel as upside pressure alleviates.
GBP/USD: Rising Wedge
GBP/USD,
4 hours
SHORT
Aug 21
It seems like a rising wedge pops up.
A rising wedge is believed to be a signal that typically spots a move down in case if price breaks out.
GBP/USD violates bullish trendline towards 1.27.
GBP/USD: Bullish Flag
GBP/USD,
1 hour
LONG
Mar 22
It seems like a bullish flag is close to being finished, GBP/USD calls for a bit more consolidation as a signal of a breakout.
When price breaks through the resistance, the move could spot a bullish price action.
GBP/USD to peak to 1.224 on a breach of 1.2225 as extra rangebound not ruled out.
GBP/USD: Ascending Triangle
GBP/USD,
1 hour
LONG
Nov 28
An ascending triangle is close to being completed, the price is going to break out soon.
An ascending triangle provides a specific bullish price indicator that can be used to predict a bullish price move in case if price breaks through the resistance.
GBP/USD tests a move to 1.265.
GBP/USD: Bullish Flag
GBP/USD,
1 hour
LONG
Apr 3
There is a bullish flag diagnosed and the price is ready to break out now.
In case if price breaks above resistance, the resulting move could signal a bullish price move.
It is likely that a bullish push up to 1.238 will be made on a breakout of the bullish flag.
GBP/USD: Ascending Channel
GBP/USD,
4 hours
SHORT
May 10
There is an ascending channel exposed and the price is ready to break out soon.
An ascending channel identifies a specific formation that often predicts the more likely potential of falling prices in case if price breaks through the support.
GBP/USD points to the downside towards 1.255 amid rising bets for the move.
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