There is a rising wedge recognized, the price is ready to break out.
A rising wedge is considered to be a bearish chart indicator that typically indicates that the price to go short when price collapses through the support line.
GBP/USD to extend the fall to the 1.26 level on a breakdown of the rising wedge.
GBP/USD: Descending Channel
GBP/USD,
4 hours
LONG
Nov 25
As we can see a descending channel comes out and the price asks for a further bigger move for clear breakout confirmation.
A descending channel indicates that the price to go up once price breaks out to the the upside.
GBP/USD risks a move towards the 1.265 mark as the currency pair becomes bullish.
GBP/USD: Descending Channel
GBP/USD,
1 hour
LONG
Sep 28
It looks like a descending channel is very close to being finished.
A descending channel identifies a bullish price formation that has a downward slope that indicates a bullish price action when price breaks through the resistance.
GBP/USD to head to 1.215.
GBP/USD: Bullish Flag
GBP/USD,
4 hours
LONG
Sep 13
As we can see a bullish flag happens, GBP/USD requires a more active bullish move for clear breakout confirmation.
A bullish flag is said to depict an indicator that often signals a bullish price action in case if price breaks out to the the upside.
A rangebound to the 1.32 mark is likely to happen.
GBP/USD: Descending Channel
GBP/USD,
1 hour
LONG
Mar 17
It looks like a descending channel develops, GBP/USD expects a more steady bullish impulse to confirm a breakout.
A descending channel suggests a bullish chart indicator that typically spots price heading to a new direction once price breaks out to the the upside.
A bullish continuation towards 1.296 is a possibility amid the currency pair reclaims part of the ground lost.
GBP/USD: Ascending Channel
GBP/USD,
1 day
SHORT
Sep 26
Gbpusd shapes an ascending channel.
Once price breaks down, the resulting move could signal a bearish price move.
It is not ruled out that a bearish move towards the 1.33 level will form on a breakout of the ascending channel as there is a chance for a downside correction.
GBP/USD: Descending Triangle
GBP/USD,
1 hour
LONG
May 17
There is a descending triangle developing, the price is ready to break out.
If price breaks above resistance, the move could predict the bears have run out of steam.
A bullish move towards the 1.268 zone is a possibility as bulls lurking in demand zone.
GBP/USD: Ascending Channel
GBP/USD,
4 hours
SHORT
Dec 1
An ascending channel has been revealed.
An ascending channel represents a technical pattern that typically spots that the price to go down if price breaks out.
A further bearish continuation to 1.25 looks possible.
GBP/USD: Descending Channel
GBP/USD,
1 hour
LONG
Oct 10
It looks like a descending channel is observed and gbpusd requests a next strong bullish continuation as an indication of a breakout.
Once price breaks above resistance, the resulting move could spot a bullish price move.
Gbpusd dives out bearish trendline to the 1.332 level.
GBP/USD: Ascending Triangle
GBP/USD,
1 hour
SHORT
Mar 7
We can see that GBP/USD shapes an ascending triangle.
An ascending triangle spots extending an downtrend once price breaks through the support.
It is possible that a further bearish move to the 1.202 level will take place on a breach of 1.203 as upside pressure alleviates.
GBP/USD: Descending Channel
GBP/USD,
1 hour
LONG
Aug 15
There is a descending channel materializing.
A descending channel represents a specific bullish price signal that can be used to signal a countertrend succeeding the current trend if price breaks above resistance.
There is a possibility of a move to 1.286 on a breakout of the descending channel.
GBP/USD: Ascending Channel
GBP/USD,
1 hour
SHORT
Oct 13
There is an ascending channel discovered, gbpusd requests an active move as a sign of a breakout.
An ascending channel is said to depict a compelling formation that signals reversals in uptrends when price breaks out to the the downside.
A rangebound to the 1.332 mark is going to happen.
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