Skip to content 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 […]
The movement of ETHUSD 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 3 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
The movement of XAUUSD 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 […]
USDJPY 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 22 days and may test it again within the next 3 days.
Emerging Rising Wedge pattern in its final wave was identified on the XAGUSD 1 hour chart. After a strong bullish run, we find XAGUSD heading towards the upper triangle line with a possible resistance at 39.6162. If the resistance shows to hold, the Rising Wedge pattern suggests a rebound back towards current levels.
