Price is still testing the resistance zone but we can expect price to break through it to form what seems to be a double bottom.
Price broke out a bearish channel prior, meaning the probability of price moving higher is good. If you plan on entering wait for price to show bearish rejection.
Price finally broke out the channel so we can expect price to retest before looking for entries. And don't forget risk management is key.
Price broke out an ascending channel prior, so this Rising Wedge should/can be seen as a retest. If you plan on entering wait for a retest and make sure to monitor your trades because its NFP week.
PRICE REACTED STRONGLY TO THE KEY LEVEL, CAUSING PRICE TO DROP POSSIBLY TO TEST THE SUPPORT LEVEL.
THE PATTERN IS DEEMED INVALID DUE TO PRICE NOT CONTINUEING ITS MOVE LOWER.
PRICE DROPPED IMPULSIVELY AND IS CURRENTLY CONSOLIDATING ,BUT MOMENTUM FAVOURS BEARISH DIRECTION
Price has finally broken out the channel and could drop to 79.848 or 79.591 but at the moment we can wait for a retest.
After the breakout we should wait for retest, however this is still NFP week so price could impulsively push higher with no retest
Price recently broke out the pennant pattern and retested. The retest shows a pattern of confluence to the bearish direction, however, this is still NFP week so anything can happen.
We can clearly see a rising wedge, indicating price could drop to as low as the support zone
At the moment price is still currently correcting but the overall move is bullish as we can see. Price could probably retrace lower to test the support zone before moving higher.
We could see price form a falling wedge towards the support zone until it eventually tested it, giving price enough volume to push higher.
After testing the broken resistance now support, we could see price formed a descending channel