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FX.co ★ Actual patterns. Technical analysis and trading recommendations

There is nothing more precious to a trader than an ability to predict a further price movement. Technical analysis is a key to your successful transaction. At the same time, you can rely on common and recurring situations that arise in the same circumstances. Our Technical Analysis Patterns section features all trading recommendations based on the technical analysis patterns that help traders make projections and turn a profit.
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Figure:
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Triangle
Rectangle
Pennant
Flag
Head and Shoulders
Double Top
Triple top
Timeframe:
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M5
M15
M30
H1
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Signal strength:
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Signal direction:
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Buy
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GBPUSD

GBPUSD M5

Bearish Rectangle
According to the chart of M5, GBPUSD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.2146, the lower border is 1.2134. The signal means that a short position should be opened after fixing a price below the lower border 1.2134 of the Bearish Rectangle.
2022-08-05T04:12:41

GBPUSD M5

Triple Top
On the chart of the GBPUSD M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 1.2161, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 10 points.
2022-08-04T20:05:20

GBPUSD M5

Bullish Rectangle
According to the chart of M5, GBPUSD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.2154 and support 1.2136. In case the resistance level 1.2154 - 1.2154 is broken, the instrument is likely to follow the bullish trend.
2022-08-03T21:32:14

GBPUSD M5

Triple Top
The Triple Top pattern has formed on the chart of the GBPUSD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 1.2135/1.2138 with the upper limit 1.2151/1.2150; the projection of the width is 16 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 1.2135, the price is most likely to continue the downward movement.
2022-08-03T19:10:10

GBPUSD M5

Double Bottom
The Double Bottom pattern has been formed on GBPUSD M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 1.2165 is broken. The further movements will rely on the width of the current pattern 8 points.
2022-08-02T22:15:05

GBPUSD M5

Double Bottom
The Double Bottom pattern has been formed on GBPUSD M5; the upper boundary is 1.2193; the lower boundary is 1.2176. The width of the pattern is 18 points. In case of a break of the upper boundary 1.2193, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.
2022-08-02T18:30:24

GBPUSD H1

Head and Shoulders
The technical pattern called Head and Shoulders has appeared on the chart of GBPUSD H1. There are weighty reasons to suggest that the price will surpass the Neckline 1.2156/1.2185 after the right shoulder has been formed. So, the trend is set to change with the price heading for 1.2145.
2022-08-02T15:00:35

GBPUSD M30

Head and Shoulders
According to the chart of M30, GBPUSD formed the Head and Shoulders pattern. The Head’s top is set at 1.2292 while the median line of the Neck is found at 1.2217/1.2240. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of GBPUSD will go towards 1.2210.
2022-08-02T01:00:13

GBPUSD M5

Bullish Rectangle
According to the chart of M5, GBPUSD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.2238 – 1.2238 and upper border 1.2260 – 1.2260. In case the upper border is broken, the instrument is likely to follow the upward trend.
2022-08-01T11:06:21

GBPUSD M5

Double Top
The Double Top pattern has been formed on GBPUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.2240 is broken, the downward movement will continue.
2022-08-01T10:40:17