A possible breakout of a continuation flag in the 4hr timeline. If breakout occurs then price will move upwards to previous highest high, an area of interest/take profit.
A potential bearish flag breakout on the 4hr timeline is forming. Place stop orders below area of possible breakout & stop loss above chart pattern, take profit near previous lowest low.
A potential rising channel might form within the bigger descending channels (pattern within a pattern), the potential rising channel if completed to a touch by the top trendline will confirm a signal of price moving lower towards the 90% Rule. Price from there on might shoot upwards or continue to move lower.
A head and shoulders pattern has formed over time, price broke through & retrac ed back near the neckline. Place buy pending order above a few pips, a $35 stoploss(depends on individual capital) and a $100+- take profit (depends on individual capital).
A reversal channel pattern is forming on the 1hr time frame, within a bearish flag that was formed in a HTF (4hr - Daily) of the EURGBP. If the price completes the reversal channel pattern, then there's a high probability of price dropping towards the weekly support area or reverse on the trendline that was formed by the falling wedge Pattern on the HTF...
Price will potentially move towards taping into the 90% Rule area to retrace and move down towards taping into the previous weekly support area, which will form an area of equal daily lows. Price is potentially going to shoot up towards or close to target area, if not, price will move further down to the lowest weekly support area. Enter at 15min timeframe to maximise RR.
Price will tap in to the bottom trendline of the pattern formed and move towards completing 90% of the pattern on the daily timeframe.
However, if price breaks the bottom trendline to reach the previous weekly support area, then it will tap in to that liquidity and price will potentially shoot upwards to complete 90% of the pattern formed on the daily timeframe.
Potential price breakout of a reversal channel towards a key support area.
Counter movement: If price breaks current resistance area upwards, retrace and form new support area; then price will potentially move towards a key area (previous lower high on the daily timeframe). Place pending orders above and below resistance area and let the price play out.
Price seems to potentially form a large head & shoulder pattern. If formation completes then a heavy price fall is expected to reach a bottom key level.
