Skip to content 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.
This trade setup on ETHUSD 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 3193.0223.
S&P500 is trapped in a Falling Wedge formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a support line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]
The movement of NAS100 towards the support line of a Channel Down is yet another test of the line it reached numerous times in the past. This line test could happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
USDJPY has broken through a support line of a Triangle chart pattern. If this breakout holds true, we may see the price of USDJPY testing 152.1806 within the next 2 days. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking any […]
You would be well advised to confirm the breakout that has just occurred – do you believe the move through resistance to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 92.8278 but consider reducing the size of your position as the price gets […]
An emerging Triangle has been detected on XAUUSD on the 4 hour chart. There is a possible move towards 3940.4963 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.
Emerging Channel Down detected on BRN/USD – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 64.609 and it is expected to move to 65.0437.
