Skip to content GBPJPY was identified around 208.2395 after recently rebounding off the resistance on the 4 hour interval. Ultimately, the stock’s price action has formed a Channel Up pattern. This squeeze may increase the chances of a strong breakout. The projected move could take the price to around 207.4464.
An emerging Descending Triangle pattern in its final wave has been identified on the XAUUSD 30 Minutes chart. After a strong bearish run, XAUUSD is heading toward the upper triangle trendline, with possible resistance at 4166.5819. If the support holds, the Descending Triangle pattern suggests a rebound toward current levels.
The breakout of BRN/USD through the 62.5920 price line is a breach of an important psychological price level that it has tested numerous times in the past. If this breakout persists, BRN/USD could test 61.7509 within the next 21 hours. One should always be cautious before placing a trade and wait for confirmation of the […]
Channel Up pattern identified on NAS100 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 25502.9658 in the next 12.
ETHUSD is trapped in a Triangle formation, implying that a breakout is imminent. This is a strong trade setup for both trend and swing traders. It is now approaching a resistance line that has been tested before. Divergence watchers may be optimistic about a potential breakout, which could mark the start of a new trend. […]
