Emerging Ascending Triangle 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 55.0748. If the resistance shows to hold, the Ascending Triangle pattern suggests a rebound back towards current levels.
FTSE100 is heading towards 9455.8301 and could reach this point within the next 23 hours. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
Triangle pattern identified on GBPJPY has broken through a support level with the price momentum continuing to move in an downward direction. A solid trading opportunity continues with the price expected to reach 200.3103 in the next 3.
