Emerging Triangle detected on USDJPY – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 144.152 and it is expected to move to 144.9927.
Falling Wedge pattern identified on USDJPY has broken through a resistance level with the price momentum continuing to move in an upward direction. A solid trading opportunity continues with the price expected to reach 144.2859 in the next 9.
XAUUSD is trapped in a Channel Up formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a resistance line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]
Emerging Channel Up pattern in its final wave was identified on the S&P500 4 hour chart. After a strong bullish run, we find S&P500 heading towards the upper triangle line with a possible resistance at 6107.2720. If the resistance shows to hold, the Channel Up pattern suggests a rebound back towards current levels.
ETHUSD is approaching a support line at 2468.9600. If it hits the support line, it may break through this level to continue the bearish trend, or it may turn around back to current levels.
NGC/USD has broken through a line of 3.4600. If this breakout holds true, we could see the price of NGC/USD heading towards 3.5108 within the next 16 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirm the breakout before placing any […]
BTCUSD is trapped in a Falling Wedge formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a resistance line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]
GBPJPY is approaching the resistance line of a Channel Up. It has touched this line numerous times in the last 9 days. If it tests this line again, it should do so in the next 2 days.
