FTSE100 is trapped in a Channel Down formation, implying that a breakout is imminent. This is a strong trade setup
After posting 7 consecutive bullish candles over 9 days, consider where GBPJPY may be headed next: a continuation of the current upward trend or a reversal.
BTCUSD was identified around 85501.04 after recently rebounding off the resistance on the 30 Minutes interval. Ultimately, the stock’s price action has formed a Falling Wedge pattern. This squeeze may increase the chances of a strong breakout. The projected move could take the price to around 84241.2217.
Triangle pattern identified on XAGUSD has broken through a support level, with price momentum continuing to move downward. This presents a solid trading opportunity, with the price expected to reach 48.2408 in the next 3.
LTCUSD is moving toward a resistance line it has tested many times. It has retraced from this line before, so it’s unclear whether it will break through or rebound again. If LTCUSD continues on its current trajectory, it could reach 90.9541 within the next 17 hours.
S&P500 just posted a 3.01% move over the past 6 hours—a move unlikely to go unnoticed by any trading style.
XAUUSD is approaching a support line at 3991.7000. If it hits the support line, it may break through this level to continue the bearish trend, or it may return to current levels.
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