This trade setup on GBPJPY is formed by a period of consolidation; a period in which the price primarily moves
The breakout of EURUSD through the resistance line of a Channel Down could be a sign of the road ahead. If this breakout persists, we may see the price of EURUSD testing 1.0798 within the next 11 hours.
The movement of XAGUSD towards the support line of a Falling Wedge is yet another test of the line it reached numerous times in the past. This line test could happen in the next 8 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
Emerging Rising Wedge pattern in its final wave was identified on the USDJPY 4 hour chart. After a strong bullish run, we find USDJPY heading towards the upper triangle line with a possible resistance at 151.4696. If the resistance shows to hold, the Rising Wedge pattern suggests a rebound back towards current levels.
NAS100 has experienced an exceptionally large amount of consecutive bearish candles to reach a price of 19908.1463 in the last 2 days.
NGC/USD is heading towards the support line of a Falling Wedge. If this movement continues, the price of NGC/USD could test 3.6538 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.
BTCUSD is moving towards a resistance line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 8 days and may test it again within the next 2 days.
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