Emerging Channel Down pattern in its final wave was identified on the EURUSD 4 hour chart. After a strong bearish run, we find EURUSD heading towards the upper triangle line with a possible resistance at 1.0455. If the support shows to hold, the Channel Down pattern suggests a rebound back towards current levels.
ETHUSD rose sharply for 8 days – which is an excessively big movement for this instrument; exceeding the 98% of
Trend followers are probably eagerly watching EURUSD to see if its latest 5 consecutive candles continues. If not, the mean-reversion
NAS100 is moving towards a line of 21139.4063 which it has tested numerous times in the past. We have seen
BTCUSD has broken through a line of 86996.5234. If this breakout holds true, we could see the price of BTCUSD
USDJPY is moving towards a support line. Because we have seen it retrace from this line before, we could see
BRN/USD is moving towards a support line. Because we have seen it retrace from this line before, we could see
Trend followers are probably eagerly watching FTSE100 to see if its latest 4 consecutive candles continues. If not, the mean-reversion
