Emerging Rising Wedge detected on ETHUSD – the pattern is an emerging one and has not yet broken through support,
FTSE100 is heading towards the resistance line of a Rising Wedge and could reach this point within the next 12 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]
This trade setup on EURUSD is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bullish breakout through resistance, it seems to suggest that we could see the next price move to 1.1789.
The breakout of ETHUSD through the support line of a Rising Wedge could be a sign of the road ahead. If this breakout persists, we may see the price of ETHUSD testing 4332.2671 within the next 2 days.
GBPJPY is heading towards the resistance line of a Channel Down. If this movement continues, the price of GBPJPY could test 199.6436 within the next 3 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
An emerging Channel Up has been detected on NAS100 on the 4 hour chart. There is a possible move towards 24590.9854 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.
NGC/USD is heading towards the resistance line of a Falling Wedge. If this movement continues, the price of NGC/USD could test 3.1544 within the next 11 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
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