Skip to content EURUSD has broken through a resistance line of a Ascending Triangle and suggests a possible movement to 1.1702 within the next 18 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement […]
FTSE100 is trapped in a Channel Up formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a resistance line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]
NGC/USD is trapped in a Channel Up formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a resistance line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]
Emerging Descending Triangle pattern in its final wave was identified on the LTCUSD 4 hour chart. After a strong bearish run, we find LTCUSD heading towards the upper triangle line with a possible resistance at 106.3685. If the support shows to hold, the Descending Triangle pattern suggests a rebound back towards current levels.
The movement of XAUUSD towards the support line of a Triangle is yet another test of the line it reached numerous times in the past. This line test could happen in the next 10 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current […]
