DAX 40 is heading towards the support line of a Falling Wedge and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
Supported by Downward sloping Moving Average
Target: 19285.04 Entry: 19392.8 Stop: 19556.8
The last 6 1 hour candles on GBPUSD formed a Channel Up pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of
USDJPY is moving towards a support line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a
The movement of FTSE 100 towards the resistance line of a Rising Wedge is yet another test of the line it reached numerous times in the past. This line test