LTCUSD is about to retest a key horizontal resistance level near 120.0900. It has tested this level 3 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
An emerging Rising Wedge has been detected on S&P500 on the 4 hour chart. There is a possible move towards 6362.3035 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.
GBPJPY is heading towards the support line of a Descending Triangle and could reach this point within the next 11 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 USDJPY 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 bearish breakout through support, it seems to suggest that we could see the next price move to 146.7495.
Ascending Triangle pattern identified on FTSE100 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 9022.2315 in the next 12.
Emerging Head and Shoulders detected on BRN/USD – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 68.8945 and it is expected to move to 68.6721.
