Emerging Channel Up pattern in its final wave was identified on the EURUSD 4 hour chart. After a strong bullish run, we find EURUSD heading towards the upper triangle line with a possible resistance at 1.0538. If the resistance shows to hold, the Channel Up pattern suggests a rebound back towards current levels.
Related Posts
USDJPY breakout from a Falling Wedge trade setup. Will it continue this trend to hit the target price?
USDJPY moved through the resistance line of a Falling Wedge at 143.70335714285713 on the 4 hour chart. This…
EURCAD is approaching 1.6008. We expect either a breakout through this line, or a rebound.
EURCAD is moving towards a key support level at 1.6008. EURCAD has previously tested this level 5 times…
Could 6 consecutive daily bearish candles on EURCHF be a sign of things to come?
EURCHF has experienced an unusual quantity of bearish candles on the Daily timeframe. This is in the 0.949999988079071…