Patterns

  • EURUSD
  • GBPUSD
  • USDCAD
  • AUDUSD
  • NZDUSD
  • USDJPY
  • EURGBP
  • USDCHF
  • EURAUD
  • EURJPY
  • CADCHF
  • CADJPY
  • GBPJPY
  • AUDNZD
  • AUDCAD
  • AUDCHF
  • AUDJPY
  • EURNZD
  • EURCAD
  • EURCHF
  • NZDJPY
  • GBPAUD
  • GBPCAD
  • GBPCHF
  • GBPNZD
  • NZDCAD
  • NZDCHF
  • CHFJPY
  • Apple
  • Amazon
  • Boeing
  • Google
  • Tesla
  • Twitter
  • Airbnb
  • Adobe
  • eBay
  • Ford
  • GameStop
  • Meta
  • Microsoft
  • Netflix
  • Pfizer
  • Visa
  • BioNTech
  • Citigroup
  • Coinbase
  • Credit Suisse
  • Chevron
  • IBM
  • Goldman Sachs
  • General Electric
  • Coca Cola
  • McDonalds
  • Morgan Stanley
  • NVIDIA
  • Wells Fargo
  • Wheaton
  • ExxonMobil
  • US Dollar
  • Dow Jones
  • DAX30
  • SPX 500
  • FTSE 100
  • Nikkei 225
  • Nasdaq
  • Gold
  • Crude Oil
  • Palladium
  • Silver
  • Natural Gas
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Bitcoin Cash

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There are no Live patterns right now

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There are no Live patterns right now

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There are no Live patterns right now

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EURGBP
EURGBP May rise 6 - 10 pips
Bullish Closed

2024-03-07 11:45:00

A Price Action Channel Down pattern formation on the 5 Min time frame chart supports EURGBP Bullish bias. A break of 0.85400 will support the rise towards the target of 0.85460 the break of 0.85460 would push the price to 0.85500.

SUPPORT AND RESISTANCE LEVELS
  • Pivot Point 0.85366
  • Support S1: 0.85363, S2: 0.85356 , S3: 0.85353
  • Resistance R1: 0.85373 , R2: 0.85376 , R3: 0.85383
  • Age 19 Bars
    Full view

Channel Down

The channel down pattern is often followed by higher prices, but only after an upside penetration of the upper trend line. The price will continue channeling downward until it is able to break either the upper or lower trend line. An upside break is bullish, while a downside break is bearish.