The last 6 1 hour candles on GBPJPY formed a Rising Wedge pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of 194.9349.
Skip to content The last 6 1 hour candles on GBPJPY formed a Rising Wedge pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of 194.9349.
NAS100 is heading towards a line of 22646.6465. If this movement continues, the price of NAS100 could test 22646.6465 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.
This trade setup on GBPJPY 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 bullish breakout through resistance, it seems to suggest that we could see the next price move to 199.9516.
The breakout of BRN/USD through the 69.1315 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, BRN/USD could test 67.9764 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
A strong resistance level has been identified at 118455.2578 on the 30 Minutes BTCUSD chart. BTCUSD is likely to test it soon.
EURUSD 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 6 days and may test it again within the next 19 hours.
FTSE100 has broken through the support line of a Rising Wedge technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 16 days and suggests a possible target level […]
LTCUSD is trapped in a Rectangle 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 of […]