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Emerging Triangle pattern in its final wave was identified on the BTCUSD 4 hour chart. After a strong bullish run, we find BTCUSD heading towards the upper triangle line with a possible resistance at 119476.8258. If the resistance shows to hold, the Triangle pattern suggests a rebound back towards current levels.
GBPJPY has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 198.3621 may materialize within the next 23 hours.
A Channel Up pattern was identified on XAUUSD at 3333.455, creating an expectation that it may move to the resistance line at 3347.7107. It may break through that line and continue the bullish trend or it may reverse from that line.
The movement of FTSE100 towards the resistance line of a Channel Up 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 […]
